Author: The Daily Hodl
A closely followed crypto analyst believes the altcoin bull market is only just getting started as Bitcoin (BTC) may soon print new all-time highs. In a new strategy session, crypto trader Michaël van de Poppe tells his 751,300 followers on the social media platform X that Bitcoin may next reach $106,000 for the first time in its history within days if it can hold $97,844 as support. “The crucial level is still defined on BTC. If the markets stay above that area, it’s likely that we’ll see new all-time highs in the coming days.” Bitcoin is trading for $101,875 at…
Crypto asset manager Bitwise says that top US-based crypto exchange Coinbase will usurp Charles Shwab as the world’s most valuable brokerage. In a new report, Bitwise says it envisions Coinbase’s stock (COIN) reaching a price tag of $700 in 2025 – more than double its current price – making it surpass financial services titan Charles Schwab in terms of market cap. “Heading into 2023, investors could pick up Coinbase stock for $35. Today, it’s trading at $344, up nearly 10x. We think it could go higher. Way higher. Our prediction: Coinbase stock will trade above $700 per share in 2025…
A widely followed crypto analyst says that Bitcoin (BTC) is unlikely to print the same gains it did during the last market cycle. In a new strategy session, crypto trader Benjamin Cowen tells his 842,000 YouTube subscribers that the flagship crypto asset’s return on investment (ROI) will likely dip to levels below what it was two cycles ago. “Two cycles ago – so market cycle three – the ROI of Bitcoin at this point in the cycle was, about 5.55x. Right now this cycle, Bitcoin’s ROI as measured from the low is 6.1-7x. Last cycle at this point, the ROI…
A widely followed cryptocurrency analyst and trader is predicting one top 20 altcoin will soon have an explosive breakout. The analyst pseudonymously known as Bluntz tells his 304,200 followers on social media platform X that Ethereum (ETH)-based decentralized oracle Chainlink (LINK) may surge after completing an ABC correction on the 12-hour chart. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to see more rallies after concluding an ABC wave pullback. “LINK continues to look strong here against USD and BTC pair. Working real hard on the range breakdown reclaim, I think this will be at…
Billionaire investor Ray Dalio thinks macroeconomic trends make gold and Bitcoin (BTC) attractive investment options right now. In a speech in the United Arab Emirates this week, the Bridgewater Associates founder pointed to debt levels in the US, China and all other major economies except for Germany, the South China Morning Post (SCMP) reports. “It is impossible for these countries to be able to not have a debt crisis in the years ahead that will lead to a great decline of [money] value.” Dalio said that belief is leading him towards alternative investments. “I believe that there would likely be…
A closely followed crypto trader believes that top memecoin Dogecoin (DOGE) could soar to double digits based on historical patterns. Crypto strategist Ali Martinez tells his 97,000 followers on the social media platform X that DOGE appears to be in the phase of the cycle when it pauses before skyrocketing to new record highs. The trader shares a chart suggesting that DOGE is mirroring its price action during the 2017 and 2021 market cycles while trading in a large ascending channel. “Check out where we are in the Dogecoin DOGE bull cycle! Very early, right? For that reason, I’m thankful…
The U.S. Securities and Exchange Commission (SEC) is asking the public’s opinion on crypto firm Bitwise’s new exchange-traded product (ETP). In a new filing, the regulatory agency says it’s seeking comments from the public on Bitwise’s new exchange-traded fund (ETF), which would hold a combination of Bitcoin (BTC) and Ethereum (ETH), to advance its application. “Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the [law].” In a thread on the social media platform X, Bitwise stated its goal with the dual ETP was to simultaneously…
The executive chairman and co-founder of enterprise software firm MicroStrategy, Michael Saylor, has a whole new analogy to explain Bitcoin (BTC). In a new YouTube interview with Barstool Sports founder Dave Portnoy, Bitcoin bull Saylor says that Bitcoin is like a game where all participants are winners. “Prometheus gave us fire to warm up, Satoshi gave us a game we can all win. And Bitcoin is that game. You don’t want to be on a network where they can censor what you say and they can freeze your account. Bitcoin is a monetary network where it won’t censor where you…
Eric Trump thinks the US will become the “crypto capital of the world” under his father’s leadership. The younger Trump, who serves as executive vice president of the Trump Organization, attended a Bitcoin (BTC) conference in Abu Dhabi this week. He tells CNBC that he and his father, President-elect Donald Trump, have been big fans of crypto “for a long time.” “I think he realizes that every country in the world is embracing it. Look at where we are right now in Abu Dhabi. They’re putting billions of dollars into crypto and into digital technologies, and if we don’t do…
Bitcoin (BTC) is up 6.6% on the day and back above the psychological threshold of $100,000 after US Consumer Price Index (CPI) data came in as forecasted. The U.S. Bureau of Labor Statistics announced Wednesday that CPI had risen 0.3% in November, up 2.7% year-on-year, in line with forecasts. Markets responded positively to the likelihood that the Federal Reserve will follow through on its hints of more rate cuts given purportedly under-control inflation. Bitcoin, Ethereum (ETH), Solana (SOL) and most of the top 100 digital assets rallied on the news. Pseudonymous crypto analyst TechDev tells his 488,000 followers on the…