Author: The Daily Hodl

Cryptocurrency analyst Benjamin Cowen is issuing a warning on Bitcoin (BTC) as the flagship digital asset hovers below $100,000. In a new video, Cowen tells his 858,000 YouTube subscribers that a continued rise in the yield on the US Treasury 10-year will have a bearish impact on Bitcoin. According to Cowen, Bitcoin could behave similarly to what happened in the second half of 2023 when the crypto king plunged below a range low at around $30,000 and stayed subdued for weeks. “…watch the 10-year yield if it keeps going up it’s going to be a headwind for Bitcoin… …what happened…

A widely followed cryptocurrency analyst and trader is leaning bullish on a large-cap Ethereum (ETH) competitor. The analyst pseudonymously known as Sherpa tells his 239,200 followers on the social media platform X that Solana (SOL) has more upside potential, even as the Ethereum challenger sits around 30% below the all-time high of about $263 reached in November of 2024. “SOL pretty neutral chart overall in the short term but I still think SOL is going to go much higher later. To be determined if it’s going to outperform Bitcoin and Ethereum over long stretches like it has but it’s still…

Matt Hougan thinks the burgeoning trend of corporate Bitcoin (BTC) purchases is only beginning. In a new analysis, the chief investment officer of the crypto asset management firm Bitwise predicts that hundreds of companies will add BTC to their corporate treasuries in the next 12–18 months, which he thinks will cause the Bitcoin market to surge. Hougan notes the trend is already a lot bigger than MicroStrategy, the largest corporate holder of BTC. “MicroStrategy gets all the press, but it’s hardly alone. Today, 70 publicly traded companies own Bitcoin on their balance sheets, and many private companies do as well…

A popular crypto strategist thinks an altcoin in the decentralized finance (DeFi) space looks strong against the US dollar and Bitcoin (BTC). Pseudonymous analyst Bluntz tells his 308,500 followers on the social media platform X that DeFi lending platform Aave (AAVE) is flashing multiple bullish signs on the eight-hour chart. “AAVE [is] one of my favorite looking alts here, clear ABC down on the eight-hour chart, clear five waves within the C wave AND a cracking eight-hour bullish divergence brewing. T1 (tier-one) setup in my opinion.”  Bluntz follows the Elliott Wave theory, which states that a bullish asset tends to…

The U.S. Securities and Exchange Commission (SEC) is delaying its decision on asset management firm Bitwise’s proposed crypto index exchange-traded fund (ETF) to March of this year. In a post on the social media platform X, Bloomberg ETF analyst James Seyffart says the regulatory agency is pushing back its decision on whether to let Bitwise convert its 10 Crypto Index Fund (BITW) into an ETF. According to Seyffart, the delay was expected and the final deadline is now in July. Furthermore, he notes that crypto firm Grayscale is also seeking to convert its Digital Large Cap (GDLC) into an ETF,…

Financial services titan Franklin Templeton is predicting artificial intelligence (AI) agents and the cryptocurrency ecosystem will continue to merge through ongoing innovation. The asset management firm says the development of AI agents, which are capable of performing tasks autonomously, is showing a high potential for crypto uses. “In recent months, Al agents have gained significant attention in the cryptocurrency space, creating a boom in innovation and experimentation around Al agents interacting with the crypto ecosystem in various ways… Crypto Al agents represent a novel convergence of Al and crypto, where autonomous Al entities manage tokens, engage on social media, and…

A widely followed crypto analyst says Bitcoin (BTC) may be at a critical juncture this month that could determine whether its uptrend continues. In a new video update, crypto strategist Benjamin Cowen tells his 858,000 YouTube subscribers that if Bitcoin can hold the range low of $90,000 in January as support, the flagship crypto asset will likely have an explosive rally based on historic precedence. “This is what you look for to try to figure out which [trend] is prevailing. Last January, when we wicked below the range low, we only stayed there a few days. In 2023, when Bitcoin…

The Bitcoin (BTC) that was stolen from crypto exchange Bitfinex in 2016 and subsequently seized by the US government in 2023 should be returned in-kind, according to a new court order. In a January 14th filing with the U.S. District for the District of Columbia, the government says that the BTC currently held in its wallets is to be returned to Bitfinex, the “sole victim” of the hack. The conclusion of the court order states, “For the foregoing reasons, there is no ‘victim’ for the specific offenses of conviction in this proceeding. However, the Court has the authority to order…

The Ethereum (ETH) layer-2 protocol developed by consumer electronics and entertainment giant Sony Group is now live. Sony Group says the Soneium Mainnet, which is developed by Sony Block Solutions Labs and powered by Optimism Foundation’s Superchain technology, is now operational. The Japanese conglomerate announced the development of Soneium in August of 2024. The consumer electronics and entertainment giant says Soneium’s goal is to “provide use cases that creators and fans can benefit from” through the open and global blockchain technology. “In this early phase, we aim to maximize creators’ creativity, benefits, and fan engagement onchain. By protecting content rights…

A closely followed analyst thinks traders who are bearish on Bitcoin are changing their stance after BTC’s latest bounce. Pseudonymous trader Cheds tells his 346,600 followers on the social media platform X that Bitcoin’s abrupt recovery following its drop below $90,000 on Monday indicates that BTC remains in a strong uptrend. According to the analyst, Bitcoin flashed a high wave doji candlestick on Monday, a pattern suggesting deep-pocketed investors are defending BTC’s bullish trend. “BTC daily – high wave doji with range low sweep/recapture Notable momentum story.” Cheds also notes that Bitcoin appears to have broken out of a W…