Author: The Daily Hodl

A popular market analyst known for his timely crypto calls is now saying that Bitcoin (BTC) and Ethereum (ETH) will continue to rally. Pseudonymous trader Pentoshi tells his 834,500 followers on the social media platform X that Bitcoin may soon surge by more than 15% its current value whileEthereum may surge by more than 20% its current value. “Higher soon. ETH to $4,800. BTC towards $120,000.” Bitcoin is trading for $105,756 at time of writing, up more than 9% in the last seven days. Meanwhile Ethereum is trading for $3,992, up more than 7.4% in the past week. The analyst…

A popular crypto analyst is outlining which altcoins he think will shine after Bitcoin’s (BTC) price rally. The trader Ali Martinez tells his 99,500 followers on the social media platform X that the key to betting on altcoins is to invest capital early in projects with strong fundamentals. “Forget the meme coin FOMO and the X chatter about overnight meme millionaires. That’s luck, not strategy. If you’re in this game for sustainable gains, focus on projects with real utility that are building something substantial. Here are a few worth watching: Worldcoin: A fresh project with ambitious goals in identity and…

A widely followed crypto analyst says that Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH), looks primed to continue its red-hot streak. The pseudonymous analyst known as Altcoin Sherpa tells his 234,500 followers on the social media platform X that ENA is worth investing into when it dips in price as it will outpace most of the market. “I think that this just continues going higher. My average is still pretty high like $0.92 or something but this one still just outperforms most of the market [in my opinion]. Buy any dips that you can.” ENA, the 56th-ranked…

Popular crypto analyst Michaël van de Poppe thinks Bitcoin’s future gains this cycle could dwarf the progress BTC has already made. Van de Poppe tells his 753,500 followers on the social media platform X that the top crypto asset by market cap could reach $500,000 in price this cycle. “The rainbow chart shows the following: The last cycle should have gone way higher (it didn’t reach the extreme phase). If time passes and this cycle is longer for #Bitcoin, the price increases automatically.” Bitcoin is trading at $105,865 at time of writing. The top crypto asset set a new all-time…

Digital assets manager CoinShares says institutional investors poured a record $3.2 billion into crypto investment vehicles last week. In its latest Digital Asset Fund Flows report, CoinShares says that last week, institutional crypto investment products saw net inflows that brought yearly flows to $44.5 billion, a new record. “Digital asset investment products saw a continuation of inflows last week totaling US$3.2bn, the 10th consecutive week, with inflows this year so far now totaling an astonishing US$44.5bn, more than quadruple that of any other year. Trading volumes in exchange-traded products (ETPs) have averaged US$21bn a week, comprising 30% of the bitcoin traded…

One feline-inspired memecoin is surging after a surprise listing by Binance, the world’s largest crypto exchange in the world. In a new announcement, Binance says that Simon’s Cat (CAT) will be available for trade starting Tuesday over the BNB Chain (BNB). Amid the news, CAT is trading for $0.00006245 at time of writing, up nearly 45% in the last 24 hours. With a market cap of $420.8 million, CAT is the 244th largest crypto project. The project is celebrating the support on the social media platform X. “CAT is proud to be the first cat coin listed on Binance. BNB…

A closely followed on-chain analyst says that investors are pulling out massive amounts of Bitcoin (BTC) over the last week. Popular analyst Ali Martinez says in the second week of December, market participants took out nearly $4 billion worth of BTC from crypto exchanges. Citing data from digital asset analytics firm CryptoQuant, Martinez details a steady downtrend in the overall balance of BTC on crypto exchanges. “Another 40,000 BTC were withdrawn from exchanges over the past week, totaling over $3.92 billion!” However, Martinez also says that Bitcoin miners have unloaded massive amounts of BTC during the first half of the…

Bitcoin (BTC) is starting the week at another all-time high as optimism around the incoming new presidential administration builds. At time of writing, BTC is trading above $107,000, up nearly 10% in the last week and over 150% year-to-date. President-elect Donald Trump, the first vocally pro-digital asset commander-in-chief of the US who has referred to himself as the “crypto president,” was spotted over the weekend accumulating several altcoins. According to data from crypto intelligence platform Arkham, the treasury for Trump’s World Liberty Financial (WLFI) project, has acquired at least $50 million worth of crypto assets, including Ethereum (ETH), Chainlink (LINK)…

President-elect Donald Trump’s crypto project World Liberty Financial (WLFI) is loading up on decentralized finance (DeFi) altcoins, on-chain data shows. Blockchain intelligence platform Arkham reports that WLFI’s treasury acquired $50 million worth of different DeFi coins in preparation for its launch. “UPDATE: DONALD TRUMP’S WORLD LIBERTY FI ACQUIRED $50 MILLION OF DEFI COINS The World Liberty Finance Treasury just acquired: $35 million of ETH/WETH$10 million of cbBTC$1 million of LINK$1 million of AAVE Is Trump long DeFi?” WLFI went live with its token sale in October. The project originally said that 63% of all WLFI would be sold to the…

The richest country in Southeast Asia has reportedly become the global leader in crypto adoption. Citing data from consultancy Henley & Partners, Bloomberg reports that Singapore is beating all other countries in embracing cryptocurrencies with the necessary infrastructure and rules the nation built for the digital asset industry. Singapore now has about 30 payments firms, including US-based Coinbase and Ripple and Hong Kong-based Futu that are licensed to provide digital token services by the central bank and financial regulator, the Monetary Authority of Singapore (MAS), which is also experimenting with a digital Singapore dollar. The city-state is also implementing tax…