Author: The Daily Hodl

White House artificial intelligence and crypto czar David Sacks says a newly signed executive order could pave the way for the US to actively buy Bitcoin. The “budget neutral” purchases would be above and beyond the seized trove of BTC that Trump has ordered the US to hold onto as a strategic reserve. Sacks has confirmed initial reporting from Fox Business journalist Eleanor Terrett, who laid out the difference between the Bitcoin reserve and stockpile on the social media platform X. “Trump’s Executive Order calls for two separate things — a strategic reserve and a stockpile. The strategic reserve will…

President Trump just signed an executive order creating a strategic Bitcoin and crypto reserve, triggering a “sell the news” event and an abrupt $5,000 drop in the price of BTC. BTC fell from $90,251 to $85,091 in less than an hour after Trump signed the order, which establishes a national Bitcoin and crypto stockpile by holding digital assets seized from criminal activities rather than auctioning them off as had been previous practice. BTC has since recovered to $87,202 at time of publishing. The move had been widely anticipated and confirmed the executive action will not actively push the US to…

Analyst and trader Ali Martinez is leaning bullish on a large-cap crypto project focusing on payments and cross-border transactions. Martinez tells his 129,700 followers on the social media platform X that Stellar (XLM) is forming a bullish pattern on the three-day chart. According to Martinez, the XRP (XRP) rival could go up by nearly 4x from a major resistance level. “Since November 2024, Stellar appears to be forming a bullish flag. The 600% rally seen in November created the pattern’s flagpole and the consolidation phase we have seen since then is forming the pattern’s flag. Now, a sustained break above…

An Ethereum (ETH)-based liquid staking token is soaring in price after the top US-based crypto exchange platform Coinbase announced support for the altcoin. In a new thread, Coinbase says it’s adding support for liquid staking protocol Renzo (REZ), a project that aims to streamline the process of staking Ethereum and other digital assets. “Coinbase will add support for Renzo (REZ) on the Ethereum (ERC-20 token) network… Trading will begin on or after 9AM PT on 6 March, 2025, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our REZ-USD trading pair will launch in…

A widely followed crypto analyst says the future of Bitcoin (BTC) remains unclear as the markets continue to display heightened volatility. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 242,200 followers on the social media platform X that all outcomes are possible for the crypto king, noting that BTC will likely land somewhere between $75,000 and $100,000 within the next week. “This market is highly volatile and I think that we can both send to $100,000 again or drop to $75,000 within the next week. All outcomes are on the table and it’s best to stay in…

The Japanese hotel and investment firm, which saw its stock price surge by around 2,600% over the past year amid its Bitcoin pivot, is continuing to accumulate BTC. In a published statement, Metaplanet says it increased its BTC stack as part of its ongoing Bitcoin Treasury operations. Metaplanet CEO Simon Gerovich says the company bought 497 BTC worth $43.9 million at an average price of $88,448 per Bitcoin. The recent acquisition brings the company’s total Bitcoin holdings to 2,888 BTC, valued at around $263.53 million based on the flagship crypto asset’s current price of $91,249. Gerovich says Metaplanet spent a…

Venture capitalist and Reddit co-founder Alexis Ohanian has joined billionaire Frank McCourt’s bid to take over TikTok’s US operations. In January, McCourt’s internet advocacy organization Project Liberty announced a formal offer to acquire TikTok US with plans to allow users to control how their data will be used and shared. According to Reuters, Ohanian will help promote Project Liberty’s bid to buy TikTok’s US assets as a strategic adviser specializing in social media. Ohanian confirmed the report in a post on the social media platform X. “Exciting news for the digital world… I’m officially now one of the people trying…

Real Vision’s chief digital assets analyst Jamie Coutts believes Bitcoin (BTC) is gearing up for a massive breakout after weeks of volatility. Coutts tells his 35,600 followers on the social media platform X that he thinks a weakening US dollar and a massive sell-off in the crypto markets sets Bitcoin up for a bullish reversal by May, when it may print new all-time highs. According to the Real Vision analyst, the strength or weakness of the US dollar as measured by the US Dollar Index (DXY), a benchmark of the value of the US dollar compared to a basket of…

El Salvador President Nayib Bukele says his country will continue accumulating Bitcoin (BTC) despite rumors suggesting otherwise. El Salvador first adopted BTC as legal tender in 2021, but recent pressure from the International Monetary Fund (IMF) related to a recently approved $1.4 billion loan agreement has forced the Central American country to pull back on some of its Bitcoin evangelism. Recent amendments to El Salvador’s BTC legislation make the acceptance of Bitcoin voluntary and shed the asset of its “currency” status, though it still is considered “legal tender” in the country. As part of the conditions tied to El Salvador…

Cryptocurrency analyst Kevin Svenson is highlighting a potential bullish catalyst for altcoins. In a new video, Svenson tells his 82,800 YouTube subscribers that an expansion in the global money supply could trigger a rally in altcoins. According to Svenson, previous altcoin rallies have erupted after an increase in the global money supply. “Every major bull run for these altcoins… …they really did not start running until global liquidity exploded, you know, went up tremendously… And what we’ve seen is that until recently global liquidity we were testing the 2022 highs as support just recently… There has been no growth for…