Author: The Daily Hodl

Billionaire and Shark Tank star Mark Cuban says the stars are aligning for Bitcoin (BTC) in the best possible way. Cuban tells his 8.8 million followers on the social media platform X that the emergence of Silicon Valley support for former President Trump is, in his opinion, a “Bitcoin play.” According to Cuban, a Trump presidency will make it easier to operate a crypto business in the US due to “inevitable and required” changes at the U.S. Securities and Exchange Commission (SEC). He also says that inflationary pressures and geopolitical uncertainty will drive BTC to greater heights. “What will drive…

A trader known for calling crypto bottoms thinks Bitcoin’s (BTC) run toward $100,000 and beyond has started. Bybit’s top Master Trader Bluntz tells his 265,800 followers on the social media platform X that Bitcoin is in the midst of a five-wave surge en route to new all-time highs. The analyst uses Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally where waves one, three and five are upside moves and waves two and four are corrective periods. Says Bluntz, “The [last] BTC weekly is an absolute monster and has been up only from [July…

A trading bot altcoin is rallying after abruptly gaining support from the world’s largest crypto exchange platform by volume. In a new announcement, Binance says that it added support for Banana Gun (BANANA), a trading bot platform that operates across multiple blockchains, including Solana (SOL), Ethereum (ETH) as well as layer-2 protocols Base and Blast (BLAST). Binance says it attached a seed tag to BANANA, which indicates that the token has higher volatility and risks than other crypto assets listed on its platform. The crypto exchange also notes that Banana Gun will be the first project ever listed on the…

Analysts at ARK Invest say that several on-chain indicators are currently reflecting positive market health for Bitcoin (BTC). In a new report, ARK says that BTC is still in a state of being oversold after large-scale selling from the German government, which liquidated coins this month that it confiscated from an illegal movie streaming website. According to ARK analyst David Puell, Bitcoin’s sell-side risk ratio for short-term holders (STHs) is now in a “deep value” zone following the multi-month correction. The short-term holder sell-side risk ratio indicator aims to predict whether STHs are about to unload their coins and potentially…

The Chicago Board Options Exchange (Cboe) is giving the launch date for five spot market Ethereum (ETH) exchange-traded funds (ETFs). Cboe’s new listings page shows that Ethereum ETFs from issuers 21Shares, Fidelity, Franklin Templeton, Invesco and VanEck are scheduled to roll out on Tuesday, July 23rd. Last week, Bloomberg senior ETF analyst Eric Balchunas said Ethereum ETFs are likely to begin trading on Tuesday after the U.S. Securities and Exchange Commission (SEC) asked issuers to make final changes to their form S-1 registration statement. Crypto market participants have been anticipating the rollout of Ethereum ETFs since May when the SEC…

A trader who accurately called the 2022 crypto collapse thinks the market is poised to witness bursts to the upside. Pseudonymous analyst Capo tells his 864,100 followers on the social media platform X that he’s bullish on Bitcoin and altcoins now that BTC has reclaimed the $60,000 psychological price level. “BTC is pumping, especially after reclaiming $60,000-$61,000. Altcoins also seem to have found their local bottom. In my opinion, the best is yet to come.” Looking closer at Bitcoin, Capo says on the instant messaging service platform Telegram that Bitcoin appears ready to soar above $73,200 after taking out resistance…

Crypto investor Chris Burniske says that Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and the crypto market in general look ready to make a run. The former head of crypto at ARK Invest tells his 292,200 followers on the social media platform X that several catalysts are now lining up, hinting that digital asset markets are on the verge of a rally. According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event and the current state of BTC, ETH, and SOL…

Crypto veteran Arthur Hayes is warning that American voters focused on crypto-friendly policy will likely be ignored once the 2024 election is over. In a new essay, Hayes says if pro-crypto voters want regulatory clarity in the US, they should push for regulation before the November election with the current administration. Hayes says all crypto policies should focus on adherence to free speech. “Cryptographic currencies and tokens that reside on or are powered by a blockchain are forms of protected speech. All laws applicable to the protection of free speech are applicable to crypto users or intermediaries. Any law or…

A top analyst who nailed the 2022 Bitcoin bottom believes that BTC bears have already surrendered their last line of defense. Pseudonymous analyst DonAlt tells his 571,800 followers on the social media platform X that blue skies are up ahead for BTC, meaning there’s no resistance left to stop Bitcoin from soaring to greater heights. “As I said coins good again. The only thing that could stop bulls would be a nuke this weekend. That’s highly unlikely given the previous weekend’s track record and just the general lack of trading activity. I don’t believe in any of the other lines,…

The messaging platform Telegram plans to launch a mini-app store with support for web3 pages, according to Pavel Durov, the company’s founder and chief executive. Mini-apps run inside Telegram and can be linked for payments with 20 different payment providers. Durov says on his Telegram channel that 2024 will be remembered as the year “when hundreds of millions of people became familiar with blockchain.” “We’re proud that Telegram is at the epicenter of this societal transformation. To keep the fire going, this month, we will introduce a mini app store and an in-app browser with support for Web3-pages. We will…