Author: The Daily Hodl
A 22-year-old social media influencer accused of pulling a crypto rug pull scam says she’s ready to cooperate and uncover the truth after a class action lawsuit was filed against her. In a new thread on the social media platform X, Haliey Welch – known as the “Hawk Tuah” girl after a clip of her went viral earlier this year – says she’s fully committed to resolving the issue. “I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to…
Veteran investor Tom Lee says investors are better off remaining bullish on markets despite the recent correction in equities and other risk assets. In a new interview on CNBC, Fundstrat’s head of research says that the correction in equities – which saw the S&P 500 dip from above 6,000 to 5,832 – is likely an opportunity for investors to go long rather than stay cautious. “This is another buying opportunity in our view. 2024 has proven to be a year where the market’s been strong and it has eluded many opportunities for sustained weakness. I know [December 18th’s] pullback was…
A closely followed crypto analyst says that Ethereum (ETH) looks primed to surge against Bitcoin (BTC) as we enter the new year. In a new video update, crypto strategist Benjamin Cowen tells his 848,000 YouTube subscribers that based on historical trends, Ethereum should soon bottom out against the top crypto asset by market cap. According to Cowen, ETH/BTC will rise sometime in early 2025 no matter how the crypto king fares against the US dollar. “Think about this: historically, ETH/BTC bottoms out either in December or January. It’s already December [22nd]. My guess? ETH stays weak against Bitcoin, probably for…
Bitwise CIO Matt Hougan says a wave of institutional interest in altcoins is coming next year, largely due to potential regulatory clarity and more exchange-traded funds (ETFs). In a new interview with Bloomberg, Hougan says that institutional money is in the early stages of broadening out to other crypto assets besides just Bitcoin (BTC). Hougan forecasts that 2025 will be the year that institutional investors will begin to incorporate more diversification in their crypto-investing strategies the same way they do in other asset classes like equities or bonds. “You’re already seeing it broaden out actually. A lot of people were…
An analyst who continues to build a following with macro crypto calls believes Bitcoin (BTC) is almost ready to enter the parabolic stage of its market cycle. Pseudonymous analyst TechDev tells his 490,300 followers on the social media platform X that Bitcoin is flashing technical signals that preceded steep rallies in the past. The trader shares a chart suggesting that Bitcoin has breached the upper range of its Bollinger Bands in the two-month time frame after spending about two years recovering from a bear market bottom. Traders use Bollinger Bands to identify potential periods of volatility expansion and determine whether…
New data from market intelligence firm Santiment reveals one altcoin that has seen massive gains this year is rife with whale activity. In a new thread on the social media platform X, Santiment says that among altcoins with at least a $500 million market cap, tokenized artificial intelligence (AI) project Virtuals (VIRTUAL) – an asset that’s up a staggering 20,000% year-to-date – is one of the leaders in terms of whale activity. Santiment also says high-net-worth investors are making moves to accumulate 10 digital assets including VIRTUAL during the latest crypto market crash. “Despite sizable crypto corrections this week, several…
Pomp Investments founder Anthony Pompliano remains long-term bullish on Bitcoin (BTC) despite the flagship crypto asset falling below the $100,000 psychological price level. Pompliano says in a FOX 5 interview that “2025 will continue to be a great year for Bitcoin.” According to the investor, two factors are likely to drive the price of Bitcoin to greater heights. “One, you’re going to continue to get printing of money both in the United States and globally. And then two is you have a Federal Reserve that is cutting interest rates. And as that M2 money supply grows and interest rates go…
Billionaire Warren Buffett just poured more than half a billion dollars into three assets. After dumping huge positions in Apple and Bank of America and hoarding $325 billion in cash, new SEC filings show the Berkshire Hathaway chairman and CEO has bought $405 million of Occidental Petroleum (OXY). Occidental Petroleum is a global energy company involved in oil and gas exploration and production, with further ventures in chemicals and low-carbon initiatives. OXY is down 21% since the start of the 2024, dropping from $60.05 to $47.13 at time of publishing. Meanwhile, Buffett has also purchased $113 million in Sirius XM Holdings…
New data from a crypto insights platform reveals that Bitcoin (BTC) exchange-traded funds (ETFs) saw the largest net outflows in one day since they launched in January. In a new thread on the social media platform X, market intelligence firm Spot On Chain says that Bitcoin ETFs witnessed hundreds of millions of dollars worth of outflows on December 19th as the price of the crypto king dipped below the $100,000 mark. According to Spot On Chain, the ETF that led the way in terms of overall outflows was Fidelity’s FBTC while BlackRock’s IBIT ETF remained sideways. December 19th also marked…
Veteran trader Peter Brandt is warning that a bearish signal is flashing for Bitcoin, indicating that BTC might head to much lower prices. Brandt tells his 763,600 followers on the social media platform X that Bitcoin may be forming a bearish reversal pattern on the daily chart that could lead to a dip into the $70,000 range. “Hey trolls, this is not a prediction. Just always pointing out possibilities, not probabilities, not certainties. No screenshot is necessary. BTC right-angled broadening triangle could project back into the $70,000s and a test of the parabolic modality.” Looking at the trader’s chart, he…