Author: The Daily Hodl

The crypto market is witnessing a fresh cascade of liquidations as President Trump’s tariff threats become reality. Trump has officially implemented 25% tariffs against both Canada and Mexico, triggering a 500 point drop in the Dow, alongside small drops in the Nasdaq and S&P 500. In the crypto market, liquidations crossed more than $1 billion in just 24 hours, with about 68% of the liquidations hitting traders going long, according to the crypto data aggregator CoinGlass. Bitcoin’s volatile swings continue, with BTC touching $81,879 before rising to $86,400 at time of publishing. The majority of liquidations hit BTC, followed by…

Top global crypto exchange Binance is delisting Tether’s USDT and other stablecoins for European customers because the digital assets are not compliant with new regulations in those countries. In a new announcement, Binance says that beginning March 31st, the platform will delist nine stablecoins for customers in the European Economic Area (EEA) because they are not compliant with the EU’s Markets in Crypto Assets (MiCA) regulations. Says Binance, “Following the latest guidance from EU authorities in relation to stablecoins, we are making changes to the availability of non-MiCA compliant stablecoins in the EEA to comply with regulatory requirements. Impacted assets…

A crypto strategist known for making timely Bitcoin calls believes that a deeper drawdown is now on the table for BTC. Pseudonymous analyst Credible tells his 464,800 followers on the social media platform X that he now expects Bitcoin to go below its recent low of $78,000 after failing to reclaim $90,000 as support. While the trader is short-term bearish on BTC, he says that the pullback will be a golden opportunity for long-term investors. “At the moment, it’s looking like we may get a full retracement on BTC which should result in similar pullbacks across the board and some…

The chief executive of market intelligence firm CryptoQuant is doubling down on his position that Bitcoin (BTC) remains in a bull market. In a new thread, Ki Young Ju tells his 410,300 followers on the social media platform X that Bitcoin’s surge on Sunday is confirming his belief that Bitcoin’s bull market is far from over – as long as it doesn’t fall significantly below the $75,000 level. “Made a bold call knowing I could be way off, but glad I got it right.” Bitcoin surged over the weekend from around $84,000 to around $94,000, after President Trump announced a…

A widely followed crypto trader is turning bullish on a handful of altcoins as digital assets attempt to find a bottom. The pseudonymous trader and analyst known as Altcoin Sherpa says he’s bullish on KAITO, an artificial intelligence (AI)-powered Web3 information platform. He tells his 243,000 followers on the social media platform X that he’s looking to see KAITO rally above the $2.50 level, about 20% higher than current prices. “KAITO just longed around this area, targeting $2.50 and higher. will take profits along the way, hope BTC is stable.” At time of writing, KAITO is worth $2.09. Also in…

Crypto asset management giant CoinShares says institutional whales pulled billions of dollars out of crypto investment vehicles last week. According to CoinShares’ latest Digital Asset Fund Flows Weekly Report, institutional crypto investment products suffered $2.9 billion in outflows last week. “Digital asset investment products saw a 3rd consecutive week of outflows, marking the largest weekly outflows on record at a total of US$2.9bn, bringing the three-week total to US$3.8bn. We believe several factors contributed to this trend, including the recent Bybit hack, a more hawkish Federal Reserve, and the preceding 19-week inflow streak totaling US$29bn. These elements likely led to a…

A widely followed trader says Bitcoin (BTC) is showing a one-of-a-kind signal as it continues to go through a multi-month consolidation phase. Analyst Ali Martinez tells his 129,300 followers on the social media platform X that BTC may be gearing up for a huge upside burst after decoupling from global liquidity – a metric that measures the volume of financial flows. Prominent analysts in the industry believe that rising global liquidity often precedes Bitcoin bull markets as the increase in money supply gives investors the capital to invest in risk assets like BTC and crypto. According to Martinez, global liquidity…

The U.S. Securities and Exchange Commission (SEC) is dropping charges once again in another high-profile crypto investigation. According to Kraken, the second-largest US crypto exchange by volume, the SEC has agreed “in principle” to dismiss its lawsuit against the exchange. Kraken says the SEC is dropping the lawsuit “with prejudice, with no admission of wrongdoing, no penalties paid and no changes to our business.” According to Kraken, the SEC’s investigation was politically motivated and meritless. Said Kraken of the SEC’s investigation last year, “The SEC is moving in the wrong direction. Its theories in litigation are incoherent. We remain committed…

Blockchain tracking firm Lookonchain says one crypto trader generated astronomical returns by betting big on Bitcoin (BTC) and Ethereum (ETH) as President Trump announced a potential US crypto reserve. According to Lookonchain, a crypto whale deposited 6 million USDC to Hyperliquid, a decentralized exchange (DEX) built for perpetual futures trading, to long BTC and ETH using 50x leverage in what turned out to be an extremely well-timed trade. The trader’s position was taken on the same day Trump announced on the social media platform Truth Social that the US will establish a “crypto strategic reserve.” Trump said the reserve will…

The head of the Central Bank of Switzerland is reportedly skeptical about holding Bitcoin (BTC) as a reserve asset. According to a new report from SwissInfo, Swiss National Bank (SNB) President Martin Schlegel is against using BTC as a reserve asset, namely because of volatility, liquidity and security. Schlegel says that digital assets don’t meet the requirements that solid currencies should have. He believes that crypto assets are too volatile to be favorable for long-term investments and too illiquid to be in the bank’s reserves. He also questions the security of the blockchains underpinning crypto assets, saying that they could…