Author: The Daily Hodl
Legendary trader Peter Brandt says Bitcoin (BTC) may hit $150,000 this year while not ruling out a possible bearish scenario instead. Brandt tells his 773,500 followers on the social media platform X that Bitcoin may surge nearly 50% from its current value. However, he warns that based on Bayesian analysis, a statistical method that evaluates future outcomes based on historical trends and new data, there remains a possibility that Bitcoin may suddenly plummet by more than 50%. “Preface: what I am saying here will completely confuse those of you who are single narrative dogmatic investors. I am a Bayesian, open…
A closely followed crypto analyst says that one top-10 altcoin is forming one of the most bullish digital asset market structures around. In a new strategy session, crypto trader Ali Martinez tells his 108,000 followers on the social media platform X that payments altcoin XRP is forming a bull pennant pattern. A bull pennant pattern is a continuation pattern where a period of consolidation is often followed by a breakout. “XRP has one of the most bullish setups in crypto right now after the recent retest of the breakout zone!” He also says XRP may soar to $10, an increase…
The top crypto exchange by trading volume in the United States is launching a new Bitcoin (BTC)-backed loan program for US clients. In a new announcement to the social media platform X, Coinbase says users will be able to borrow USDC against BTC with the new program. “Bitcoin-backed loans are here. Borrow USDC against bitcoin, without selling it. Rolling out to US users (ex. NY) starting now. More collateral assets and regions to come. Powered by MorphoLabs and built on Base. The future of finance is onchain.” According to an accompanying company blog post, users will be free to use…
A widely followed crypto analyst says one under-the-radar altcoin is about to break out while updating his outlook on the top two digital assets by market cap. In a new strategy session, crypto trader Michaël van de Poppe tells his 763,900 followers on the social media platform X that Clearpool Protocol (CPOOL), a decentralized marketplace where institutions can obtain loans, is on the cusp of a new upward trend. “What a bounce on CPOOL. 70% from the lows. I think it’s in for a new leg upwards. They’ve been classified as ‘most innovative real-world asset (RWA) [protocol]’ in CoinMarketCap’s 2024-2025…
The Donald Trump-affiliated decentralized finance (DeFi) project World Liberty Financial (WLFI) has moved nearly $60 million worth of Ethereum (ETH). The crypto tracker Lookonchain notes World Liberty deposited 18,536 ETH worth $59.8 million into Coinbase Prime on Tuesday. The DeFi project noted on Tuesday that it was executing “routine movements” of its crypto holding as part “of regular treasury management, and payment of fees and expenses and to address working capital requirements.” “To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes. These actions are intended to be part of maintaining a strong, secure,…
An employee of a diamond mining company in Russia was reportedly sentenced to seven years in prison for providing financial assistance to the military forces of Ukraine. According to local media outlet Izvestia, a man from the Mirninsky district of Yakutia is now detained in a maximum security prison after using cryptocurrency to repeatedly transfer funds to the Armed Forces of Ukraine (AFU). The report says the man aided a unit of the AFU in carrying out intelligence and subversive activities against Russia by providing financial assistance. He is said to have received instructions to transfer funds to a digital…
An Ethereum (ETH)-competitor is printing gains after receiving support from the world’s largest crypto exchange by volume. In a new announcement, Binance says it will be adding support for Sonic (S), formerly known as Fantom (FTM), to many of its programs. “Binance is excited to announce that Sonic will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures.” News of the addition helped push Sonic’s price up, as the digital asset went from a weekly low of $0.68 on January 13th to a peak of $0.835 on January 15th, a gain of…
Bloomberg Intelligence senior macro strategist Mike McGlone is warning that Bitcoin (BTC) is facing mounting resistance at one key level. McGlone says that changing macroeconomic conditions and exceptions that the Fed will cut rates less than previously thought in 2025 may prevent Bitcoin from flipping the $100,000 resistance level into support any time soon. “Can Bitcoin breach $100,000? Model headwinds rising: Bitcoin peaked at $108,000 on December 17th, the day before the Federal Reserve eased, and our model might help determine what to look for in 2025. My bias is that $100,000 is formidable resistance, and the model shows top…
Italy’s biggest bank has reportedly made its first proprietary Bitcoin (BTC) trade, as analysts expect the value of the flagship crypto asset to increase by more than double this year. Reuters reports that an internal memo it has seen shows that Intesa Sanpaolo bought 11 BTC worth over $1 million on Monday. CEO Carlo Messina says the bank conducted the small trade as a test to prepare for clients interested in the nascent asset. “As a wealth management company that has the ambition to become like (Swiss rival) UBS, we have very sophisticated clients that may ask for this kind…
A memecoin named after Coinbase co-founder Brian Armstrong’s cat is surging after the top US crypto exchange added the digital asset to its listing roadmap. Toshi (TOSHI), a memecoin built on the Ethereum (ETH) layer-2 scaling solution Base, soared by triple percentage points as Coinbase made the announcement. A day before the listing, TOSHI hit a low of $0.00001161 and then surged to a high of $0.0003679 after the news, a 216% gain. The memecoin has since retraced. TOSHI is trading for $0.0002953 at time of writing. With a market cap of $126.5 million, TOSHI is the 507th largest crypto…