Author: The Daily Hodl

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…

Blockchain technology is fortifying the strength of the US dollar rather than weakening it, according to the digital asset investment firm Pantera Capital. In a new analysis, Jeff Lewis, Pantera’s hedge funds product manager, and Erik Lowe, the firm’s head of content, write that blockchain tech will reverse a decades-long trend of international de-dollarization. “Far from eroding the dollar’s supremacy, blockchain technology has created a digital infrastructure that fortifies it. The ability to tokenize and mobilize dollar assets globally allows the dollar to remain indispensable even as geopolitical and technological forces drive de-dollarization pressures. As J.P. Morgan noted in their…

Analyst and trader Kevin Svenson believes Bitcoin (BTC) will print new all-time highs in 2025 as a key trend remains intact. In a new strategy session, Svenson tells his 81,800 YouTube subscribers that Bitcoin’s parabolic trend indicates the flagship crypto asset may surge to at least $124,000 before June, correct for a few months, then have one final explosive move in late 2025. “The Bitcoin parabolic trend [on the weekly chart] is in strong health. It’s very healthy. Look at it. The weekly’s going back to the green. It looks like a nice hammer candle is being printed right here……

Prominent analytics firm Santiment says a handful of low-cap altcoins are seeing a drastic rise in the count of new wallets created over the past week. In a thread on the social media platform X, Santiment says the artificial intelligence (AI) related crypto project IQ.wiki (IQ) leads the pack after seeing a massive rise in network growth, with a 2,500% surge in new wallets created in the last seven days. IQ bills itself as the “primary source of objective, high-quality knowledge on the internet today for everything related to blockchain and cryptocurrencies.” The project uses AI to scale its content and…

Blockchain analytics and visualization platform Bubblemaps is announcing the launch of a new native token alongside the release of new features aimed at turning investors into investigators. In a new announcement on the social media platform X, Bubblemaps introduces the Bubblemaps Token (BMT), the platform’s first native coin. “ANNOUNCING BMT The official Bubblemaps Token – powering the upcoming Intel Desk. Soon.” Bubblemaps, which launched in 2021, visualizes blockchain data by representing digital wallets as interconnected bubbles, which aims to allow users to spot potential red flags, such as concentrated token holdings that could indicate market manipulation risks or other signals.…

A Solana (SOL)-based memecoin is surging after gaining support from top US crypto exchange Coinbase. In a post on the social media platform X, Coinbase announces the addition of Peanut the Squirrel (PNUT) to its platform for spot trading. Amid the news, Peanut the Squirrel is up 26.9% on the day. PNUT is trading for $0.62 at time of writing, and with a market cap of $627.9 million, the memecoin is the 165th largest crypto project. Coinbase signaled last month that a PNUT listing would occur at some point after adding the digital asset to its listing roadmap. Coinbase uses…

A widely followed cryptocurrency trader is warning that several large-cap memecoins are printing bearish price patterns. The trader pseudonymously known as Altcoin Sherpa tells his 239,100 followers on the social media platform X that memecoins like Pepe (PEPE), Bonk (BONK) and dogwifhat (WIF) are printing lower highs and lower lows on their price charts. He suggests that top memecoins may still witness rallies over time, but they may not outperform the market like they did early last year. “Big-cap memes don’t look great overall, but this isn’t the place to be shorting in my opinion. PEPE [on the daily chart]…

JPMorgan Chase expects that potential Solana (SOL) and XRP exchange-traded funds (ETFs) could see multi-billion dollar inflows. VanEck’s head of digital asset research Matthew Sigel reports on the social media platform X that JPMorgan says SOL and XRP ETFs could attract up to $16 billion in total. “SOL & XRP exchange-traded products (ETPs) Could Attract $3-8bn Each: JPM ETP assets ($108bn) make up 6% of the total Bitcoin market cap ($1,874bn) after the ETPs’ first year of trading; likewise, ether ETP assets ($12bn) have a 3% penetration rate of the total Ethereum market cap ($395bn) within its first 6 months…

The Solana (SOL)-based decentralized exchange (DEX) Mango Markets is shuttering after dealing with a slew of regulatory issues last year. The DEX announced its closure on Saturday, issuing proposals designed to make borrowing on the platform economically unviable. “Mango Markets will be shutting down. It is time for users to close their positions.” The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) launched dual investigations into Mango Markets after crypto trader Avraham Eisenberg exploited the protocol for $110 million worth of digital assets in 2022. The SEC alleged that the DEX’s decentralized autonomous organization (DAO) skirted…

A widely followed cryptocurrency analyst believes payments altcoins XRP is gearing up for a run to a new all-time high. The analyst pseudonymously known as Credible Crypto tells his 453,500 followers on the social media platform X that the third-largest digital asset by market cap just shattered its immediate resistance. According to the trader, the move puts XRP in a position to surge to a fresh record high. “We may have a breakout on our hands here. Swing and spot positions looking great here and we continue to simply let those ride till a new ATH (all-time high). Will actively…