Author: The Daily Hodl
A crypto strategist who nailed the digital asset crash in 2021 believes Bitcoin (BTC) could tumble below $90,000 before sparking the final leg of its bull market. Pseudonymous analyst Dave the Wave tells his 147,700 followers on the social media platform X that Bitcoin may be repeating a pattern witnessed in 2023 and 2024. The trader shares a chart suggesting that BTC may correct to around $82,000 and touch the 0.382 Fibonacci retracement level before coming back to life. The Fibonacci retracement level is a tool used by traders to identify potential entry and exit points for an asset based…
A widely followed crypto analyst says that the top altcoin Ethereum (ETH) is setting up for a gigantic rally later this year. In a new thread, pseudonymous crypto trader Credible Crypto tells his 453,200 followers on the social media platform X that the smart contract platform looks set to skyrocket – but not before it dips and presents a solid entry for long-term holders. ‘[Ethereum] is setting up for a face-melting rally later this year. Just be patient and take advantage of the dips for now. $2,500-$2,800 is the dream buy zone if we manage to get it down the…
President-elect Trump will issue an executive order effectively allowing banks and financial institutions to hold Bitcoin (BTC) and crypto assets on behalf of their clients, according to a new report. The incoming order will reverse a regulatory guideline that has shaped how financial institutions account for and custody digital assets, reports the Washington Post. “…Trump is expected to issue executive orders on the first day of his presidency that may address issues including “de-banking” and the repeal of a controversial crypto accounting policy requiring banks holding digital assets to count them as liabilities on the bank’s own balance sheet, according…
Michael Saylor’s MicroStrategy is at it again, adding another 2,530 Bitcoin (BTC) to its digital treasure trove. According to a new post on the social media platform X by Saylor himself, the software development firm now holds 450,000 BTC valued at $28.2 billion. “MicroStrategy has acquired 2,530 BTC for ~$243 million at ~$95,972 per Bitcoin and has achieved BTC Yield of 0.32% YTD 2025. As of 1/12/2025, we hodl 450,000 BTC acquired for ~$28.2 billion at ~$62,691 per Bitcoin.” BTC is worth $91,808 at time of writing, down 10% on the week. Last week, MicroStrategy announced a $2 billion fundraising…
A widely followed crypto analyst is alerting investors that Bitcoin (BTC) could plunge even further if a critical support zone falls apart. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 539,600 followers on the social media platform X that the crypto king could fall below $90,000 if it fails to hold the $91,000 level as support. However, the trader says the crypto king still has a chance to avoid such a scenario. “Bitcoin dropped into the range low of $91000 (blue) and even briefly rebounded from there. But price is once again back at the range…
Market intelligence firm IntoTheBlock says that the Bitcoin (BTC) market can absorb the U.S. Department of Justice’s (DOJ) plan to liquidate billions of dollars worth of the asset without any hiccups. In a new article, IntoTheBlock says that the government is going to sell $6.5 billion worth of BTC associated with the Silk Road, a defunct online black market that was shuttered over a decade ago. “The US Department of Justice (DOJ) is about to make a significant move in the market, potentially shaking things up with the sale of a large chunk of Bitcoin. These funds are directly tied…
A hacker briefly gained access to Litecoin’s X social media account to fraudulently promote that LTC is now available on the popular smart contract platform Solana (SOL). In a new thread, the developers of the decentralized peer-to-peer network warn investors about the breach but note that the team immediately regained access to Litecoin’s official X account. “Litecoin’s X account was briefly compromised today and posts that were not authorized were published. These were live only for a matter of seconds before being deleted. We’re still investigating the issue, but immediately found a delegated account that was compromised and removed it.…
The crypto markets are witnessing a massive surge in liquidations as Bitcoin (BTC) suddenly drops to a new 2025 low, dipping below $90,000 for the first time this year. New data from market intelligence platform Coinglass shows traders saw liquidations during the last 24 hours to the tune of $716.05 million, mostly by those betting long on Bitcoin and Ethereum (ETH). The flagship crypto asset dipped to a 2025 low of about $89,800 on Monday before returning to the $90,000 range. Bitcoin is trading for $91,701 at time of writing, down 3.5% in the last 24 hours. Meanwhile, ETH is…
The co-founder and head of research at Fundstrat Global Advisors says Bitcoin (BTC) needs to crash out a bit harder before bouncing back in a big way. In a new interview with CNBC, Tom Lee makes his case for why he thinks BTC will be a top-performing asset this year after it falls a bit further. “Bitcoin is down roughly 15% from its highs, which for a hyper-volatile asset is a normal correction and follows global liquidity trends. We are early in the halving cycle.” According to Lee, Fundstrat’s crypto technicians think the crypto king may drop another $20,000 in…
Macro guru and Real Vision chief executive Raoul Pal says that Bitcoin (BTC) is mirroring the same pattern seen about nine years ago before igniting a parabolic surge. In a new thread on the social media platform X, the ex-Goldman Sachs executive says that market conditions are lining up in a way that could see the crypto king skyrocket, just like it did two cycles ago. However, Pal notes that investors shouldn’t expect an exact repeat of 2016’s rise, but rather, a similar push to the upside. “This was the outcome of the EXACT same in 2016/[18] vs. now… chill.…