Author: The Daily Hodl
One artificial intelligence (AI)-focused altcoin is surging after going live on South Korea’s largest crypto exchange, Upbit. The information finance (InfoFi) protocol Kaito (KAITO), which is built on the Base network, soared by more than 45% amid the Upbit listing news. Kaito was trading at a low of $1.49, before surging to a high of $2.17. KAITO has since stabilized and is trading for $1.76 at time of writing. With a market cap of $426.8 million, the altcoin is the 168th largest crypto project. Last month, top US crypto exchange Coinbase added support for Kaito with an experimental label. The…
Cryptocurrency analyst and trader Jason Pizzino is warning that Ethereum (ETH) may plummet in value for one main reason. In a new video, Pizzino tells his 349,000 YouTube subscribers that ETH may decline by more than 47% of its current value after the top altcoin may have formed a bearish double-top pattern on the weekly chart. A double-top pattern is considered a bearish indicator by technical analysts and suggests that bulls lack the strength to push the price of the crypto asset to greater heights. “It’s really looking very, very weak here and like it wants to continue to fill…
A veteran crypto trader who has a track record of calling Bitcoin’s market tops and bottoms still thinks BTC is primed to hit $180,000 this cycle. The pseudonymous analyst known as Dave the Wave tells his 148,500 followers on the social media platform X that Bitcoin’s price is “chugging along on the weekly Gaussian.” Gaussian channels are trend indicators that can be used to identify price tops and bottoms. Looking at the trader’s chart, he seems to predict that BTC will hit his price target in December 2025 when the median line of the Gaussian channel peaks. The analyst also…
A crypto strategist who accurately called the Bitcoin (BTC) and Solana (SOL) correction this year says that the payments altcoin XRP is next in line to witness big price drops. Pseudonymous analyst Bluntz tells his 318,000 followers on the social media platform X that the XRP against Bitcoin (XRP/BTC) pair is flashing a bearish divergence on the weekly chart. Traders keep a close eye on coins flashing a bearish divergence as the signal suggests the token is losing bullish momentum and may be ready to enter a downtrend. Bluntz also notes that XRP appears to be in the midst of…
An Ethereum (ETH) layer-2 scaling solution is soaring after gaining support from US retail trading giant Robinhood. According to Robinhood, the ETH layer-2 Arbitrum (ARB) is now available to be bought, sold, and traded over the trading platform. google336x280] News of the addition sent ARB rallying from a price of $0.374 on March 4th to $0.421 a day later. It has since stabilized and is trading for $0.419 at time of writing, a 14.5% gain during the last 24 hours. ARB joins Robinhood’s suite of crypto products, which includes Bitcoin (BTC), Ethereum, Cardano (ADA), Solana (SOL), popular memecoins such as…
The CEO of digital asset market intelligence firm CryptoQuant is highlighting one factor that’s holding back Bitcoin (BTC) and other cryptocurrencies from rallying. Ki Young Ju tells his 410,300 followers on the social media platform X that the crypto and Bitcoin markets “will likely remain slow until sentiment in the US improves.” The CryptoQuant CEO, however, says that the market outlook remains unchanged. “There’s no significant on-chain activity, and key indicators are neutral, suggesting the bull cycle is still intact. Fundamentals remain strong, with more mining rigs coming online. If the cycle ends here, it’s an outcome no one wanted—not…
A closely followed crypto analyst says Bitcoin (BTC) may have formed a market bottom and is now looking bullish. Crypto trader Rekt Capital tells his 541,100 followers on the social media platform X that Bitcoin is printing a bullish pattern of higher low prices on the daily chart after last week’s severe correction into the high $70,000 range. “Looks like the higher low is in.” He also notes that Bitcoin may be turning bullish without fully closing the CME futures gap in the $70,000 range. A CME gap is the difference between the Friday closing price of Bitcoin futures and…
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is blacklisting a handful of crypto addresses linked to a man known for allegedly running Nemesis, a now-defunct darknet marketplace. In a new press release, the OFAC says that it is sanctioning Iranian national Behrouz Parasad and his Bitcoin (BTC) and Monero (XMR) addresses because he is accused of being the sole administrator of the illegal site. As stated by Acting Secretary for Terrorism and Financial Intelligence Bradley T. Smith, “As the administrator of the Nemesis darknet marketplace, Parsarad sought to build – and continues to try to re-establish –…
Best-selling author Robert Kiyosaki says that he bought more Bitcoin (BTC) during the recent correction and that sellers might regret their decision. The Rich Dad Poor Dad author predicts that at some point during Donald Trump’s presidential term, the president will start buying Bitcoin as a way to fix the US’s financial troubles, pumping BTC. “People who sold BITCOIN in the last crash are LOSERS. Don’t they know who the President of the United States is? President Trump….the right President at the right time….understands the power of BITCOIN. When he begins buying BITCOIN to help solve America’s financial insanity….those who…
The stablecoin issuer Tether has hired a new chief financial officer (CFO) and committed to completing a full audit. The veteran finance executive Simon McWilliams will now serve as CFO for Tether, which issues the dollar-pegged USDT, the top stablecoin by market cap. McWilliams will lead the stablecoin issuer toward a full audit and “spearhead Tether’s further commitment to transparency and regulatory readiness,” according to a press release from the firm. Tether didn’t provide a timeline for the audit. The firm already releases quarterly attestation reports with the accounting giant BDO, but it says a full audit will “ensure greater…