Author: The Daily Hodl

A closely followed crypto analyst says Bitcoin (BTC) may have formed a market bottom and is now looking bullish. Crypto trader Rekt Capital tells his 541,100 followers on the social media platform X that Bitcoin is printing a bullish pattern of higher low prices on the daily chart after last week’s severe correction into the high $70,000 range. “Looks like the higher low is in.” He also notes that Bitcoin may be turning bullish without fully closing the CME futures gap in the $70,000 range. A CME gap is the difference between the Friday closing price of Bitcoin futures and…

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is blacklisting a handful of crypto addresses linked to a man known for allegedly running Nemesis, a now-defunct darknet marketplace. In a new press release, the OFAC says that it is sanctioning Iranian national Behrouz Parasad and his Bitcoin (BTC) and Monero (XMR) addresses because he is accused of being the sole administrator of the illegal site. As stated by Acting Secretary for Terrorism and Financial Intelligence Bradley T. Smith, “As the administrator of the Nemesis darknet marketplace, Parsarad sought to build – and continues to try to re-establish –…

Best-selling author Robert Kiyosaki says that he bought more Bitcoin (BTC) during the recent correction and that sellers might regret their decision. The Rich Dad Poor Dad author predicts that at some point during Donald Trump’s presidential term, the president will start buying Bitcoin as a way to fix the US’s financial troubles, pumping BTC. “People who sold BITCOIN in the last crash are LOSERS. Don’t they know who the President of the United States is? President Trump….the right President at the right time….understands the power of BITCOIN. When he begins buying BITCOIN to help solve America’s financial insanity….those who…

The stablecoin issuer Tether has hired a new chief financial officer (CFO) and committed to completing a full audit. The veteran finance executive Simon McWilliams will now serve as CFO for Tether, which issues the dollar-pegged USDT, the top stablecoin by market cap. McWilliams will lead the stablecoin issuer toward a full audit and “spearhead Tether’s further commitment to transparency and regulatory readiness,” according to a press release from the firm. Tether didn’t provide a timeline for the audit. The firm already releases quarterly attestation reports with the accounting giant BDO, but it says a full audit will “ensure greater…

Venture capitalist Chris Burniske isn’t backing away from the crypto market despite the sector’s recent price woes. Burniske tells his 325,100 followers on the social media platform X that he thinks the current downtrend is a mid-bull market pullback. He also thinks the cycle top hasn’t arrived yet. “BTC giving up a bit more ground isn’t going to change that view. Selling here is unlikely to be a good idea if you’re wavering – because if you’re selling here, it also tells me you’re prone to get sidelined on the way up. At worst, just sit on your hands, don’t…

Crypto asset manager Grayscale Investments is advancing plans to launch an exchange-traded fund (ETF) for Hedera Network’s native token HBAR, according to a new filing. The Nasdaq Stock Market submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) to list and trade the Grayscale Hedera Trust. ETFs allow traders to expose themselves to assets such as precious metals and crypto without having to actually purchase them. The SEC approved Bitcoin (BTC) and Ethereum (ETH)-based ETFs in 2024. The Ethereum competitor Hedera is one of several altcoin-focused ETFs that Grayscale is pursuing. HBAR is trading for $0.24 at…

A crypto strategist known for nailing the 2022 Bitcoin bottom believes that the current correction will climax once BTC hits a key price level. In a strategy session, the pseudonymous analyst DonAlt tells his 65,900 YouTube subscribers that while he’s still bullish on Bitcoin, he thinks that BTC can witness a 30% devaluation from current levels before bottoming out. According to the analyst, the $80,000 range offers no support for BTC, so he’s waiting for the crypto king to either drop to the $60,000 price range or reclaim the $90,000 level as support before taking additional risk. “I could see…

Fundstrat’s head of research, Tom Lee, says that Bitcoin (BTC) may rally past $150,000 this year despite the recent dip. In a new interview with CNBC, Lee says that Bitcoin may increase more than 70% from its current value in 2025 as the top digital asset by market cap continues to see increasing adoption among investors. He also says that Bitcoin’s recent correction was expected by some experts and that BTC may suddenly surge. “I would say what’s interesting is Bitcoin’s not had negative headlines in February, but it was down. But I know our technician, Mark Newton, had talked…

The International Monetary Fund (IMF) is attempting to impose strict restrictions on El Salvador as part of a $1.4 billion loan agreement, targeting the country’s controversial Bitcoin (BTC) adoption strategy. Under new conditions in the IMF’s Staff Country Report, El Salvador must halt public sector acquisitions of the BTC, dissolve the Fidebitcoin trust fund by July 2025, and cease operations of its Chivo wallet system. The government must also publicly disclose all Bitcoin wallet addresses and provide audited financial statements for crypto-related entities. President Nayib Bukele, a vocal Bitcoin proponent, pioneered the crypto king’s legal tender status in 2021, making…

Widely followed quant analyst PlanB says Bitcoin’s (BTC) latest correction is now raising questions as to whether its bull cycle is on the verge of ending. In a new strategy session, PlanB says that while on-chain data suggests Bitcoin remains in a bull cycle, a lack of new all-time highs since January may indicate a bear market is starting to form. “Some questions about the Bitcoin market cycle chart. It is still measuring ‘bull market’ (red) in on-chain data. But as I explain in today’s video, we are at a crossroads.” The analyst says there remains the potential of a…