US government selling Bitcoin is a ‘huge strategic mistake,’ say observers

December 3, 2024 Coin Telegraph

Bitcoin

“There is no price where it makes sense for the US to sell any Bitcoin it has under its control,” said Space Force Major Jason Lowery.

Crypto industry executives and observers were quick to point out the folly of the United States government’s decision to transfer $1.9 billion of Bitcoin to Coinbase.

“This is a huge strategic mistake. There is no price where it makes sense for the US to sell any Bitcoin it has under its control,” Jason Lowery, a United States Space Force major and author of Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin, said on Dec. 3.

“They have no idea what they own, and it shows,” he added:

Crypto, Stocks and ‘Everything Bubble’ Still Has Room To Run, According to Analyst Jason Pizzino

December 3, 2024 The Daily Hodl

Bitcoin

A closely followed analyst believes the economy is in the midst of an “everything bubble” that still has more potential to grow. Analyst Jason Pizzino tells his 121,100 followers on the social media platform X that peak cycle highs may still be a ways off for assets like stocks and crypto. “When we take a […]

The post Crypto, Stocks and ‘Everything Bubble’ Still Has Room To Run, According to Analyst Jason Pizzino appeared first on The Daily Hodl.

Bitcoin price weakens, but BTC derivatives remain healthy

December 3, 2024 Coin Telegraph

BTC

Bitcoin derivatives reflect traders' confidence in the market and suggest the current price action is just a consolidation phase.

Bitcoin (BTC) has struggled to rally above $98,000 from Nov. 25 to Dec. 2, frustrating investors despite achieving a 38% monthly gain. Market participants worry that prolonged consolidation below the $100,000 psychological barrier could embolden bearish strategies to suppress BTC's price.

Bitcoin 2-month futures annualized premium. Source: Laevitas.ch

Derivatives markets suggest resilience, with traders paying a 17% annualized premium for leveraged positions compared to the BTC spot price. While lower than the 40% levels typically observed during strong bull runs, the current premium reflects healthy bullish demand and does not indicate excessive optimism.

Here’s What Could Trigger the Next Wave of Altcoin Rallies, According to Crypto Strategist Rekt Capital

December 3, 2024 The Daily Hodl

Altcoins

A crypto strategist who nailed the pre-halving Bitcoin (BTC) correction earlier this year says altcoins will likely rip once this large-cap coin takes center stage. Pseudonymous analyst Rekt Capital tells his 517,800 followers on the social media platform X that a bullish Ethereum (ETH) would be very favorable for the altcoin market. “An ETH breakout […]

The post Here’s What Could Trigger the Next Wave of Altcoin Rallies, According to Crypto Strategist Rekt Capital appeared first on The Daily Hodl.