New Ethereum Layer-2 Scaler Soars to Top of Santiment’s Rankings of ERC-20 Coins by Development Activity

January 19, 2025 The Daily Hodl

Altcoin

A relatively new Ethereum (ETH) layer-2 scaling solution has soared to the top of Santiment’s rankings of ERC-20 coins in terms of recent development activity. The crypto analytics firm notes that Starknet (STRK) clocked 401.97 notable GitHub events over the past 30 days. Starknet is a decentralized validity rollup, otherwise known as a zero-knowledge (ZK) […]

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Trader Says One Large-Cap Altcoin To Skyrocket by at Least 116%, Updates Outlook XRP, Cardano and Dogecoin

January 18, 2025 The Daily Hodl

Altcoin

A widely followed analyst and trader is leaning bullish on a top-30 altcoin by market cap while outlining the path forward for three other crypto assets. The analyst pseudonymously known as Sherpa tells his 239,700 followers on the social media platform X that the utility token of the decentralized open financial system, Hyperliquid (HYPE), is […]

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Coinbase Secures UK Approval, Unlocking Ambitious Expansion Plans for Mass Adoption

Crypto Trader Says One Factor Could Trigger Massive Breakout for Ethereum – Here’s His Outlook

January 18, 2025 The Daily Hodl

Altcoin

Cryptocurrency trader and analyst Ali Martinez believes Ethereum (ETH) could have a massive breakout due to one key factor. Martinez tells his 114,500 followers on the social media platform X that crypto whales are loading up on Ethereum, adding buying pressure that could cause the altcoin to increase more than 100% above its current value. […]

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Coinbase Secures UK Approval, Unlocking Ambitious Expansion Plans for Mass Adoption

Bitcoin Primed To Hit New All-Time High in Next Leg Up, According to Crypto Analyst – Here’s His Target

January 18, 2025 The Daily Hodl

Altcoins

A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC). The analyst and trader pseudonymously known as Bluntz tells his 309,200 followers on the social media platform X that Bitcoin has witnessed “savage price action” after falling to around $89,200 and then quickly recovering. According to the analyst, Bitcoin is primed to […]

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Coinbase Secures UK Approval, Unlocking Ambitious Expansion Plans for Mass Adoption

Chainlink (LINK) Forming Perfect Bottom Structure With Potential To Break Out: Crypto Trader

December 26, 2024 The Daily Hodl

Altcoins

A widely followed cryptocurrency trader says a top utility altcoin may be ready to rise. The analyst pseudonymously known as Bluntz tells his 305,200 followers on social media platform X that the decentralized oracle project Chainlink (LINK) is forming a bullish reversal pattern on the hourly chart, reminiscent of a Bitcoin move in 2019 when […]

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Coinbase Secures UK Approval, Unlocking Ambitious Expansion Plans for Mass Adoption

Bitcoin Halving Events No Longer Drive BTC Price, Report Says

September 5, 2024 Bitcoin.com

Analysis

Outlier Ventures’ new report claims the four-year Bitcoin halving cycle “is dead,” arguing that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market. The report suggests the influence of halvings diminished after 2016, with recent price movements driven more by Bitcoin ETFs and macroeconomic factors, such as the post-Covid capital […]

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Bitcoin analysts converge on a breakout in September — But is $86K possible?

August 19, 2024 Coin Telegraph

Bitcoin analysts converge on a breakout in September — But is K possible?

Analysis

Bitcoin could see a breakout to new all-time highs as soon as next month, but BTC must first tackle significant resistance around $59,500.

Bitcoin could see a breakout in September, based on historical chart patterns, and $86,000 could be the next major price target.

Bitcoin’s (BTC) price could be on track to an imminent breakout in September, based on previous post-halving chart patterns, according to popular analyst Rekt Capital.

The analyst wrote in an Aug. 18 X post to his 493,000 followers:

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Chainalysis alerts rise in crypto hacks and ransom in 2024

August 15, 2024 Coin Telegraph

Analysis

Cryptocurrency hackers have been returning to their roots to targeting centralized exchanges amid a spike in the Bitcoin price in 2024.

A new report indicates that while overall illicit transactions in cryptocurrency markets declined in 2024, certain types of crypto-related criminal activity rose.

Aggregate illicit activity in crypto has dropped 19.6% year-to-date (YTD), falling from $20.9 billion to $16.7 billion by July 2024, according to the first part of the mid-year crypto crime update by Chainalysis released on Aug. 15.

Chainalysis found that legitimate crypto activity has been growing faster than illicit activity onchain in 2024, particularly due to positive industry events like the adoption of spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) in the US.

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Low CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research head

August 14, 2024 Coin Telegraph

Analysis

Bitcoin’s response to the CPI report was surprisingly muted.

Lower-than-expected core inflation in the United States is fodder for Bitcoin (BTC) to retest its all-time highs, Zach Pandl, Grayscale’s head of research, told Cointelegraph on Aug. 14.

The US Bureau of Labor Statistics (BLS) reported July Consumer Price Index (CPI) data on Aug. 14 showing annualized price increases for consumers of 2.9% — the slowest rate since 2021. That is “significant because it will allow the Fed to begin reducing rates,” Pandl said.

“Rate cuts are likely a necessary condition for sustained weakness in the US Dollar and fodder for Bitcoin to retest its all-time highs,” according to Pandl. “Fortunately for crypto investors, the incoming data may be a signal for lowering rates sooner rather than later."

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Bitcoin risks ‘sharp weekend price swings’ as ETFs suck up liquidity

August 13, 2024 Coin Telegraph

Analysis

Bitcoin trading volume and liquidity are concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend.

Bitcoin has become more susceptible to wild weekend volatility since the launch of spot Bitcoin exchange-traded funds (ETF) in the United States, according to Kaiko Research.

In an Aug. 12 report, Kaiko’s crypto analysts noted Bitcoin’s liquidity has become more concentrated on weekdays, particularly in BTC/US dollar markets.

It noted that weekend trading volatility has generally declined since 2021 and has previously reported that Bitcoin’s weekend trading volumes have dropped as institutional and ETF activity has grown.

Analysis

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