Author: The Daily Hodl
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid a recovery that has seen the flagship crypto asset appreciate by around 10% over the last two weeks. In a new strategy session, Svenson tells his 79,300 YouTube subscribers that “things could get really really bullish” for Bitcoin as the Federal Reserve’s rate-cutting phase begins. According to Svenson, Bitcoin could hit a new record high over the coming weeks and months. “I think Bitcoin’s still set for new all-time highs in the coming Q4. I think it’s likely that in Q4 we hit new all-time highs. There may…
Former US President and current Republican nominee Donald Trump just used Bitcoin (BTC) to buy burgers for his supporters. On Wednesday, Trump visited a crypto-themed bar called PubKey in Manhattan, New York City to convene with with members of the digital asset industry ahead of his run for president in November. A video shared by Fox News on YouTube shows Trump performing a Bitcoin transaction on a phone during the campaign stop. When asked about the transaction, Trump said it was easy to complete the payment. According to details shared by PubKey on social media platform X, the presidential nominee…
Finance giant BlackRock is saying that Bitcoin (BTC) is a unique investment opportunity offering investors something much different than traditional assets. BlackRock, a firm with over $10 trillion in assets under management, says in a new report that Bitcoin could act as a hedge against the United States’ mounting debt and other macroeconomic concerns. “While Bitcoin has shown instances of short-term co-movements with equities and other ‘risk assets,’ over the longer term its fundamental drivers are starkly different, and in many cases inverted versus most traditional investment assets. As the global investment community grapples with rising geopolitical tensions, concerns over…
The native token of a privacy-focused zero-knowledge layer-1 blockchain is on the rise after being listed on the top US crypto exchange by trading volume. Less than 24 hours ago, Coinbase listed Aleo (ALEO) under the experimental label. “Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” The experimental label indicates a high-volatility asset that is new to the platform. These assets typically have a low trading volume compared to more established cryptocurrencies. According to its website, Aleo’s protocol prioritizes privacy and scalability by leveraging zero-knowledge proofs to help ensure user privacy. Zero-knowledge proofs…
A widely followed crypto analyst says that one marquee artificial intelligence (AI) project is primed to skyrocket soon while updating his outlook on two smart contract platforms. In a new strategy session, crypto trader Altcoin Sherpa tells his 223,600 followers on the social media platform X that machine learning platform Fetch.AI (FET), which is a part of the Artificial Superintelligence Alliance, appears ready to spark a rally. “FET breaks out soon, in my opinion.” The trader’s chart indicates that FET would reach a price tag of around $1.50. The prediction appears to have come to fruition as FET is trading…
Crypto exchange BitGet now has more than 45 million registered users worldwide as the platform’s global user count has surged by 400% since 2023. BitGet CEO Gracy Chen revealed the numbers as the platform marks its sixth year in business. This year alone, the exchange’s growth rate in Africa is up by 1,614%. BitGet’s userbase in South Asia and Southeast Asia also increased by 729% and 216%, respectively. In the first half of 2024, the net inflow of assets on BitGet reached $779 million. The platform’s daily trading volume is also currently worth more than $10 billion while monthly visits…
Real Vision analyst Jamie Coutts believes that Bitcoin (BTC) and other digital assets may be about to break out of a bearish phase as the flagship crypto reclaims the $63,000 level. Coutts says that increasing global liquidity and a healthy crypto ecosystem suggest that the market correction may be reaching an end before the start of a year-long bull run. “I accept this may be premature given the state of the world geopolitically and the fact that technicals (price action) are still bearish. However, I suspect we are in the final throes of the big flush of the past months,…
A “smart” crypto whale recently offloaded millions of dollars worth of Bitcoin (BTC) after months of dormancy, according to the digital asset tracker Lookonchain. Lookonchain notes the whale sold 200 BTC worth $11.6 million earlier this week after not touching its Bitcoin holdings for five months. “This whale is very good at buying BTC at low prices and selling at high prices! The whale currently has 2,800 BTC ($164.4 million) left, with a total profit of more than $168 million!” It is not the only whale unloading BTC: A different address deposited 119 BTC worth $7.14 million to the crypto…
A cryptocurrency analyst and trader is saying Bitcoin (BTC) is on the verge of entering a bullish phase over the coming weeks and months. The analyst pseudonymously known as Rekt Capital tells his 88,100 YouTube subscribers that Bitcoin is “on the cusp of a breakout into the parabolic phase” after spending the past few months in a re-accumulation phase. According to Rekt Capital, Bitcoin’s parabolic phase lasts a predictable amount of time in every cycle. “So if we just see that 160 days after the halving is how long this re-accumulation phase lasts and we tend to see a bull…
Macro guru and Real Vision CEO Raoul Pal is highlighting a layer-1 blockchain that he sees becoming a major force to reckon with. Pal tells his one million followers on the social media platform X that Solana (SOL) competitor Sui (SUI) is “acting like it is going to be one of the key Chosen Ones of the major new chains, if not THE Chosen One.” According to the Real Vision CEO, people should “pay attention to Sui” amid bullish signals, technological upgrades and growing adoption. Pal says one of the bullish signals Sui is flashing includes breaking out of an…