Author: The Daily Hodl
A recently launched dog-themed memecoin is skyrocketing after being added to Coinbase’s listing roadmap. In a new thread on the social media platform X, the top US-based crypto exchange platform by volume says that it has added the meme asset doginme (DOGINME) to its listing roadmap. Coinbase’s listing roadmap is used to increase transparency and to prevent the front-running of new tokens. Being added to the list means the crypto exchange is considering adding support for the asset soon. News of the addition sent DOGINME flying as the memecoin went from a low of $0.000366 on March 13th to a…
Cryptocurrency analyst and trader Ali Martinez is warning that Bitcoin (BTC) could go down by double-digit percentage points if it loses support at a key price level. Martinez tells his 132,100 followers on the social media platform X that Bitcoin has come dangerously close to the support level provided by the 50-week moving average, a level that, when broken, has historically led to deep corrections. According to Martinez, Bitcoin could drop by 44% from the current level if the price breaks below the 50-week moving average. “Today the 50-week moving average sits at the $75,500. If this support level breaks,…
Senior Bloomberg analyst Mike McGlone is warning investors that Bitcoin (BTC) could crater nearly 90% from its current price due to the conditions of the gold and stock markets. In a new thread on the social media platform X, McGlone tells his 66,900 followers that the top crypto asset by market cap could free fall to just $10,000 as traders start to heavily favor gold over it. “$100,000 Bitcoin might lose a zero, favoring gold – Bitcoin was born about when the stock market bottomed in 2009 and has been a leader of one of the greatest risk-asset rallies in…
Senior Bloomberg analyst Mike McGlone is warning investors that Bitcoin (BTC) could crater nearly 90% from its current price due to the conditions of the gold and stock markets. In a new thread on the social media platform X, McGlone tells his 66,900 followers that the top crypto asset by market cap could free fall to just $10,000 as traders start to heavily favor gold over it. “$100,000 Bitcoin might lose a zero, favoring gold – Bitcoin was born about when the stock market bottomed in 2009 and has been a leader of one of the greatest risk-asset rallies in…
Russia is using cryptocurrencies in oil transactions with India and China, according to a new Reuters report. Citing “four sources with direct knowledge of the matter,” the new report claims that some Russian oil companies are using Bitcoin (BTC), Ethereum (ETH) and USDT to ease the conversion of Indian rupees and Chinese yuan to Russian roubles. The sources, who declined to be identified, claim the practice is a “small but growing” part of Russia’s oil trade. The European Union (EU) sanctioned Russia last month, in part for previous sanction evasions. Last week, Russian crypto exchange Garantex was forced to suspend…
BitMEX co-founder Arthur Hayes believes that crypto markets are undergoing a short-term correction before Bitcoin (BTC) and other digital assets soar to new all-time highs by the year’s end. In a new interview, Hayes says that deep corrections are not unusual based on historical bull cycles and believes it’s creating a healthier market structure that will help propel Bitcoin to $250,000 this year. “This thing is a short-term pain. We’re clearing out the deadwood. We had a great run from $20,000 to $110,000 on Bitcoin, essentially FTX low until TRUMP coin, and now we got a 30% correction. It’s pretty…
The web3 infrastructure provider MoonPay just announced its acquisition of the stablecoin infrastructure developer Iron just months after purchasing crypto payments platform Helio. In a statement, MoonPay says its new acquisition significantly expands its offerings with solutions that allow businesses to manage multi-currency treasuries, facilitate instant cross-border payments and generate new revenue through yield-bearing assets. Says MoonPay’s co-founder and CEO, Ivan Soto-Wright, “This acquisition is a strategic step forward, positioning MoonPay at the forefront of enterprise-grade stablecoin solutions. With Iron’s technology, we’re putting the power of instant, programmable payments into the hands of enterprises, fintechs, and global merchants.” Iron co-founder…
Analyst Kevin Svenson is offering his outlook on Bitcoin (BTC) as the flagship crypto asset hovers around 24% below the all-time high. In a new strategy session, Svenson tells his 82,800 YouTube subscribers that Bitcoin is at a critical juncture that could determine the crypto king’s price direction over the coming weeks and months. According to Svenson, Bitcoin is sitting just above a parabolic trend that started in early 2023 and the next move the flagship digital asset makes will be decisive. “…we are currently just above it [parabolic trend line]. But it’s getting a pretty close call here. Bitcoin…
The CEO of Bitcoin (BTC) wallet and payments application Strike, Jack Mallers, believes that the top digital asset’s market cap may shoot up by trillions of dollars. In a new interview with Pomp Investments founder Anthony Pompliano at the Bitcoin Investor Week in New York, Mallers says that Bitcoin is a store of value asset that can easily compete with other assets used to store value, such as art or real estate. “[Bitcoin’s] product-market fit is in what people are calling store of value. Humans own about $900 trillion worth of stuff right now. That’s currency, real estate, art, collectibles,…
A closely followed crypto analyst and trader is warning that Bitcoin (BTC) is at high risk of a deeper correction. In a new post, crypto trader Justin Bennett tells his 115,900 followers on the social media platform X that Bitcoin’s market structure is weakening as it fails to regain $92,000 as support. “How do some people still not get it? Bitcoin closed February below $92,000. That happened. There’s nothing else to wait for. So far, March has found resistance there. As long as BTC is below $92,000 on a monthly closing basis, there’s every reason to be cautious on a…