Author: The Daily Hodl

A crypto strategist who nailed the pre-halving Bitcoin correction earlier this year is warning that BTC may head lower as resistance continues to strengthen. Pseudonymous analyst Rekt Capital tells his 523,400 followers on the social media platform X that Bitcoin is looking near-term bearish as it struggles to reclaim key support levels on the weekly chart while it chops around the $90,000 range. “[Monday], Bitcoin showed some signs of a relief rally after which price was rejected to almost new lows. [Tuesday], Bitcoin [was] rebounding yet again and once again into the old support. Overall, as long as the previously…

The web3 infrastructure provider MoonPay is reportedly mulling a $150 million acquisition of the crypto payments provider Helio. Fox Business reporter Eleanor Terrett reports that MoonPay is in talks over the deal, which would represent the crypto firm’s largest acquisition. Helio aims to make “accepting crypto payments effortless for merchants and apps worldwide.” The payment provider supports major chains including Solana (SOL), Ethereum (ETH), Bitcoin (BTC), and Base. “We power crypto checkouts for +6,000 merchants & apps, and millions of unique active wallets. You can self-serve to set up a Helio merchant account in minutes & get paid instantly for…

The Finance Minister of Russia has reportedly confirmed that many companies in the country are now using Bitcoin (BTC) to engage in foreign trade and skirt Western sanctions. Reuters reports that the Russian government has recently taken legislative measures to legalize the mining of the crypto king and other crypto assets, helping firms find ways around sanctions placed on them by the West. As stated by Russian Finance Minister Anton Siluanov to Reuters earlier this week, “As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia (in foreign trade transactions). Such…

The native asset of crypto exchange Bitget (BGB) is closing in on a market cap of nearly $8 billion after the token surprisingly sparked an 844% rally in 2024. According to current data, BGB is trading for $5.64 at time of writing, a 15% increase during the last 24 hours. BGB launched in 2021 and was designed to boost community engagement and streamline trading activities within the Bitget ecosystem. According to a recent report by Bitget, the exchange surged in popularity, partially due to a rise in Gen Z crypto buyers, who began gobbling up digital assets after former President…

The Singapore-based digital asset exchange giant Crypto.com plans to offer custody services for high-net-worth individuals and institutions in the US and Canada. This week, the exchange announced the launch of a US trust company to enable the new services. Crypto.com also plans to shift all US and Canadian customer digital assets to the new trust company for custody in the next few weeks. Kris Marszalek, co-founder and chief executive of Crypto.com, says the move reflects the firm’s confidence in the North American market. “Launching a U.S. trust company is our latest significant step in our product roadmap to building our…

The chief executive of the digital asset analytics firm CryptoQuant thinks a national strategic Bitcoin (BTC) reserve could offset US debt. Ki Young Ju tells his 389,600 followers on the social media platform X that $790 billion in realized capital inflows have ballooned Bitcoin’s market cap to $2 trillion over the past 15 years. “This year alone, $352 billion in inflows have added $1 trillion to its market cap. However, using a pumpable asset like Bitcoin to offset dollar-denominated debt—rather than gold or dollars—could make gaining creditors’ consensus challenging. For Bitcoin to achieve broader market acceptance, Bitcoin must attain global,…

Robinhood CEO Vlad Tenev is predicting that stocks and other traditional finance (TradFi) assets will eventually move on-chain like cryptocurrencies. In a new interview with investor Anthony Pompliano, Tenev says that the efficiencies gained by using blockchain technology make its adoption by traditional finance inevitable. He also predicts that US President-elect Donald Trump and his administration will enact policies that will speed up the move to on-chain by stocks, private companies and real-world assets (RWAs) by tokenizing them. “What will happen is traditional equities – and I think all of this will be accelerated by the new [Trump] administration –…

The CEO of digital assets-focused investment firm Pantera Capital is predicting that the crypto market’s bull cycle will peak in 2025. In a new interview on the Bankless podcast, Dan Morehead says that Bitcoin’s (BTC) price patterns continue to be based on the four-year halving cycle. A Bitcoin halving event is when miners’ block rewards are cut in half and, as a result, the supply is crunched. In the past, Bitcoin’s price has rallied before and after the halving events. The last halving event was in April. Using historic precedence, Morehead predicts that Bitcoin will hit a cycle peak in…

A top crypto strategist thinks the digital asset market is in a position to witness a bullish continuation even as Bitcoin (BTC) trades below $100,000. Pseudonymous analyst The Flow Horse tells his 251,400 followers on the social media platform X that he believes the doors are open for Bitcoin and altcoins to spark surges. “The window of opportunity is between now and the second week of January for things to pop.” The analyst’s outlook stems from the idea that traders believe the incoming Donald Trump presidential administration will be incredibly bullish for crypto. Trump has signaled that under his administration,…

A widely followed crypto analyst is identifying the downside price target for smart contract platform Cardano (ADA) if it undergoes another correction. In a new video update, crypto strategist Benjamin Cowen tells his 849,000 YouTube subscribers that if the Federal Reserve doesn’t bring back quantitative easing (QE), then ADA could continue to slip. “There’s also a chance [ADA] could go lower, especially if it follows what it did last cycle… If it were to drop 56%, that would actually put you below $0.60, which is right where it went last time… There’s always a chance that it comes back down…