A closely followed crypto analyst says that smart contract platform Solana (SOL) is potentially forming a bullish technical pattern that could see it surge by over 1,700%. In a new strategy session, crypto trader Ali Martinez tells his 108,000 followers on the social media platform X that it’s possible the Ethereum (ETH) rival is forming […]
The post $4,000 Solana? Trader Ali Martinez Says SOL Forming Potentially Massive Cup and Handle Set Up appeared first on The Daily Hodl.
A crypto veteran believes Bitcoin (BTC) and the rest of the digital asset market will remain listless in the first few weeks of 2025. Pseudonymous trader The Crypto Dog tells his 853,00 followers on the social media platform X that he thinks the market will not regain bullish momentum until President-elect Donald Trump is sworn […]
The post Analyst Sees Bitcoin (BTC) and Crypto Getting Pinned Down Until Later This Month – Here’s Why appeared first on The Daily Hodl.
A closely followed crypto analyst says that smart contract platform Cardano (ADA) could see massive gains in the coming weeks. In a new strategy session, crypto trader Ali Martinez tells his 107,500 followers on the social media platform X that if the Ethereum (ETH) rival continues following the same pattern it did last cycle, it […]
The post ‘A Big Move Is Near’: Crypto Trader Says Ethereum Competitor Could Skyrocket by 266% Within a Few Weeks appeared first on The Daily Hodl.
Bitcoin has a current market capitalization of roughly $1.9 trillion and surpassed silver's $1.6 trillion market cap in 2024.
More than $19 trillion in transactions settled over the Bitcoin network in 2024 — more than double the $8.7 trillion settled over the network in 2023 — reversing two years of declining transaction volume since 2021.
According to data from vice president of research at Riot Platforms Pierre Rochard, Bitcoin transaction volume peaked during the 2021 bull market at approximately $47 trillion and sharply declined in 2022 and 2023. Rochard wrote:
Bitcoin (BTC) had a momentous 2024, which included the introduction of a BTC exchange-traded fund (ETF) in the United States, the April 2024 halving event, and a new all-time high of roughly $108,000.
Digital asset investment manager Bitwise is unveiling its predictions for cryptocurrencies and the industry in 2025. Starting with Solana (SOL), Bitwise’s head of research Ryan Rasmussen says the asset manager is predicting that the Ethereum (ETH) rival will skyrocket by 250% and hit a price of $750 this year. Solana is trading at $214 at […]
The post Bitwise Unveils Crypto Predictions for 2025, Says One Top-10 Altcoin Set To Explode 250% This Year appeared first on The Daily Hodl.
The price of Bitcoin hit an all-time high of $108,000 on December 17, 2024, but has declined by more than 10% since that time.
Bitcoin (BTC) exchange inflow — the total amount of BTC transferred to exchanges — and miner outflow — the amount of BTC sent by miners to exchanges — have significantly dropped since November 2024, suggesting reduced selling pressure.
According to data from CryptoQuant, BTC exchange inflows in November 2024 peaked at 98,748 BTC on Nov. 25, following approximately two months of heightened exchange inflow activity.
Exchange inflows declined in December 2024, but remained significant, with the total number of Bitcoin sent to exchanges ranging from 11,000 to 79,000 coins per day.
New data reveals that asset management titan BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) saw a record number of outflows earlier this week. According to data from blockchain tracker SoSoValue, BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw a staggering $332.6 million worth of outflows on January 2nd, its largest day of outflows on record. The […]
The post BlackRock Spot Bitcoin ETF Witnesses $332,620,000 in Outflows, the ETF’s Largest-Ever Exodus in a Single Day appeared first on The Daily Hodl.
Quantitative crypto analyst PlanB says that Bitcoin (BTC) is gearing up for months of new all-time highs. In a new video update, crypto strategist PlanB tells his 200,000 YouTube subscribers that 2025 will have many months that will see the top crypto asset by market cap reach heights it hasn’t witnessed before. “Historically, if we […]
The post Bitcoin Primed To See Multiple Months of New All-Time Highs, Says Quant Analyst PlanB – Here Are His Targets appeared first on The Daily Hodl.
Hashrate dominance continues to be debated due to the pseudonymous and geographically distributed nature of Bitcoin mining.
The United States accounted for over 40% of the Bitcoin network’s global hashrate — the total computing power securing the Bitcoin protocol — at the close of 2024, with two US-based mining pools, Foundry USA and MARA Pool, accounting for over 38.5% of all blocks mined.
According to TheMinerMag, Foundry USA grew its hashrate from 157 exahashes per second (EH/s) at the start of 2024 to roughly 280 EH/s by December.
Foundry is currently the single biggest mining pool by hashrate, controlling roughly 36.5% of the total hashrate in the Bitcoin network.
BitMEX co-founder Arthur Hayes believes one catalyst could help send Bitcoin (BTC) to seven figures as US debt mounts. Hayes tells his 586,800 followers on the social media platform X that if US banks receive a supplementary leverage ratio (SLR) rule change, liquidity could flood the markets, giving Bitcoin a massive boost. A temporary SLR […]
The post BitMEX Founder Arthur Hayes Says ‘Another Signpost’ Has Appeared on Bitcoin’s Path to Hitting $1,000,000 appeared first on The Daily Hodl.
