Author: The Daily Hodl

A widely followed crypto analyst says that Ethereum (ETH) looks attractive against Bitcoin (BTC) at its current price. In a new strategy session, crypto trader Benjamin Cowen tells his 968,400 followers on the social media platform X that ETH paired against BTC (ETH/BTC) seems appealing and could be the catalyst that sparks the next altcoin season. “I generally agree that ETH/BTC at <0.03 seems attractive, my point is that until it actually starts trending up, then alt season is delayed.” ETH/BTC is valued at 0.02806 BTC ($2,738) at time of writing, a 1.3% increase on the day. According to Cowen,…

A hard drive owner who misplaced his massive trove of Bitcoin (BTC) in a UK landfill years ago is now considering purchasing the dumping ground as a means of recovering his funds. According to a new report by CNN, James Howells – a Welsh man who lost his Bitcoin stash worth a staggering $800 million after accidentally throwing away his storage wallet – is considering acquiring the landfill after the UK government rejected his bid to search it. Previous reports indicate that in 2013, Howells threw away the hard drive in a black plastic trash bag thinking it was blank.…

The CEO of Bitcoin-focused tech firm JAN3, Samson Mow, is predicting that BTC will soon hit astronomical price targets, making it unaffordable for most people. In a new interview with Anna Tutova, Samson says that governments around the world will likely start establishing Bitcoin reserves, driving its value much higher. He notes how more countries are now seriously considering a Bitcoin reserve, including the Czech National Bank. “So I think we’ll see more urgent adoption of Bitcoin and very quick movements like from this Czech central bank. I mean they’re putting it to a vote. It’s not ‘we’re exploring it,…

Cardano has managed to outshine a large percentage of the digital asset market this week amid news that the crypto asset management firm Grayscale wants to create a spot ADA exchange-traded fund (ETF) for the smart contract platform. The ETF and securities exchange NYSE Arca, a subsidiary of the New York Stock Exchange, submitted a filing with the U.S. Securities and Exchange Commission (SEC) on Monday to propose listing the Grayscale Cardano Trust, which, if approved, would be the first-ever ADA ETF. ADA is trading at $0.804 at time of writing. The 9th-ranked crypto asset by market cap is up…

Analyst and trader Michaël van de Poppe says one Solana (SOL)-based altcoin may be gearing up for a breakout. Van de Poppe tells his 774,000 followers on the social media platform X that the cross-chain messaging protocol Wormhole (W) is showing bullish divergence on the weekly chart. A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows. “The altcoins, nothing has changed. On W, there’s still a possibility of a potential bullish divergence and…

A top cryptocurrency analyst and trader says Bitcoin (BTC) may be gearing up for a massive breakout as it chops around the $96,000 level. The analyst pseudonymously known as DonAlt tells the 65,700 subscribers of the Technical Roundup YouTube channel that Bitcoin’s market structure is showing continual improvement on the daily chart, indicating it may be on the verge of making an explosive move. “I think it’s getting more and more tight and a breakout is more and more likely with every day that passes, especially with the headlines that we’ve been having… I think we’re going to go a…

Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) as the crypto king hovers below a price of $100,000. In a new video, Svenson tells his 82,300 YouTube subscribers that the Relative Strength Index (RSI) indicator, which is used to determine oversold or overbought market conditions, is signaling a move to the upside for Bitcoin on the weekly time frame. According to Svenson, the RSI indicator on the weekly timeframe is currently mirroring what has previously led to significant breakouts. “Every time we get a break of the weekly RSI downtrend line, there is a major pump that…

The widely followed trader and analyst Michaël van de Poppe is highlighting one crypto project in the Ethereum (ETH) ecosystem whose token he believes could go up by triple-digit percentage points. Van de Poppe tells his 773,600 followers on the social media platform X that blockchain oracle Chainlink (LINK) appears bullish against Bitcoin (BTC) and could double in price. According to the widely followed analyst, the Chainlink/US dollar pair could subsequently appreciate by around 169% from the current level. “LINK forms a higher low, which indicates that we’re likely into a new uptrend. My first target is around 2x in…

Robinhood’s crypto trading division reportedly saw an eight-fold leap in revenue generated from digital asset transactions in the final quarter of last year. According to a new Robinhood investment report, the trading app giant saw a 200% year-over-year increase in transaction-based revenues, largely due to crypto. “Total net revenues increased 115% year-over-year to $1.01 billion. Transaction-based revenues increased over 200% year-over-year to $672 million, primarily driven by cryptocurrencies revenue of $358 million, up over 700%, options revenue of $222 million, up 83%, and equities revenue of $61 million, up 144%. Net interest revenues increased 25% year-over-year to $296 million, primarily…

Gamestop is exploring whether to add Bitcoin to its balance sheet, according to a new report. The video game retailer, which became a viral sensation among retail traders in 2021, is considering whether to buy BTC and other unnamed altcoins, reports CNBC. Gamestop (GME) shares are up about 5.5% in the last week – rising after the firm’s CEO Ryan Cohen posted a picture of himself alongwide Strategy (MSTR) founder and Bitcoin firebrand Michael Saylor. According to an unnamed source close to the company, Gamestop is in the early stages of exploring crypto asset adoption and could very well reject…