Author: The Daily Hodl
A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on Bitcoin even after BTC broke the $60,000 psychological level. The analyst pseudonymously known as Credible Crypto tells his 402,400 followers on the social media platform X that he believes the Bitcoin bull market structure remains intact. According to the analyst, Bitcoin is still long-term bullish despite the retracement and BTC may see big rallies after the ongoing correction. But Credible notes that it will take Bitcoin a bit of time before BTC witnesses the beginning of a new uptrend. “Spot buyers don’t have to be too worried here…
Best-selling finance author Robert Kiyosaki says that Bitcoin (BTC) is primed to have its biggest crash yet before enjoying a long-term bull cycle. In a lengthy thread on the social media platform X, the Rich Dad Poor Dad author says that patient investors will be rewarded with a multi-year bull cycle after the top crypto asset by market cap and other assets suffer a massive crash. “Technical charts indicate [the] biggest crash in history coming. Prices of real estate, stocks, bonds, gold, silver, and Bitcoin crash. GREAT NEWS: good time to buy bargains will follow. Technical charts indicate [a] major…
The chief investment officer (CIO) of Bitwise Asset Management, Matt Hougan, is predicting a massive bull cycle for Ethereum (ETH) based on several factors. In a new interview with Scott Melker, Hougan says that spot Ethereum exchange-traded funds (ETF) could draw $15 billion within 18 months of their approval, which is expected soon. “So I think it’s a down-the-middle prediction. We could be higher, we could be a little lower, but I think $15 billion is in the bag.” He also believes two additional bullish factors for ETH could send its value soaring: a greater acceptance of crypto by the…
Cryptocurrency analyst Jason Pizzino is warning that Bitcoin (BTC) is at risk of falling even further if a major support level crumbles. In a new video, Pizzino tells his 330,000 YouTube subscribers that the Bitcoin support level at around $44,600 must hold to avoid a collapse that could see the flagship crypto asset revisiting prices last recorded in early 2023. “Any closes under $44,600 is probably going to be getting very close to a curse. And that curse is basically prices under $40,000… When it goes under $40,000, if you get [monthly] closes under there, longer-term closes like your longer-term…
One widely followed crypto analyst is turning bullish on decentralized oracle network Chainlink (LINK) after a massive correction. Crypto trader Michaël van de Poppe tells his 722,800 followers on the social media platform X that based on a historical pattern, Chainlink could enter an uptrend against Bitcoin (LINK/BTC) to end the year. “LINK has been seeing the same pattern over and over again. First six months downwards. Second six months bull market. We’re in the second six month part and are slowly grinding upwards. Good times ahead.” The analyst also says that LINK is printing a bullish pattern against Bitcoin…
One Solana-based (SOL) meme asset is defying market doldrums and rallying after being listed on numerous crypto exchange platforms. New data reveals that Billy (BILLY), a dog-themed memecoin built over Solana, has jumped over 30% during the last 24 hours after multiple crypto exchange platforms added support for it. The crypto exchange platforms that listed Billy include Bittrue, Bitget, MEXC, and Gate.io, who all announced support for the meme asset earlier this week. Billy is trading for $0.1659 at time of writing, a 36% gain during the last day. On June 26th, Billy was moving for just $0.0286. Billy, which…
A widely followed crypto analyst says that he’s identified when Bitcoin (BTC) could reach its cycle high if history were to repeat itself. In a new strategy session, crypto trader Rekt Capital tells his 481,200 followers on the social media platform X that the top crypto asset by market cap tends to peak 518-546 days after its halving event, which occurs in April every four years. “In the 2015-2017 cycle, Bitcoin peaked 518 days after the halving. In the 2019-2021 cycle, Bitcoin peaked 546 days after the halving. If history repeats and the next bull market peak occurs 518-546 days…
Macro guru and Real Vision CEO Raoul Pal says that the total crypto market cap is primed to skyrocket to a staggering $100 trillion. In a new interview on the Blockworks Macro YouTube channel, the former Goldman Sachs executive says that if the digital assets industry continues on with the same rate of growth, its total market cap will shoot up about 44x in less than 10 years. According to Pal, the explosion of the total market cap of crypto assets is going to be the greatest wealth generating opportunity ever. “It’s a $2.5 trillion market cap today. If we…
A trustee of defunct crypto exchange Mt. Gox says that some of its creditors have received compensation in the form of digital assets. In a new statement, Mt. Gox trustee Nobuaki Kobayashi says that some Mt. Gox creditors have received Bitcoin (BTC) and Bitcoin Cash (BCH) as reimbursement as a part of the firm’s rehabilitation plan. However, Kobayashi notes that not all creditors have been settled up with, and that the others will be taken care of once specific conditions are met. “On July 5,2024, the Rehabilitation Trustee made repayments in Bitcoin and Bitcoin Cash to some of the rehabilitation…
The regulator overseeing South Korea’s financial institutions is unveiling a new surveillance system for illicit crypto activities as the nation prepares to enforce its first digital asset user protection law. In a new statement, the Financial Supervisory Service (FSS) says that it has collaborated with local crypto exchanges to develop a 24-hour monitoring system for suspicious transactions in the crypto space. The system will become operational once the Virtual Asset User Protection law takes effect on July 19th. The new law aims to prohibit crypto market manipulation, certain types of trading activities and use of undisclosed important information regarding digital…