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Analytics Firm Santiment Says Crypto Whales Getting ‘Very Active’ on One Ethereum-Based Altcoin

Analytics Firm Santiment Says Crypto Whales Getting ‘Very Active’ on One Ethereum-Based Altcoin

An Ethereum (ETH)-based altcoin is seeing whale activity surge, according to the crypto analytics firm Santiment. Santiment notes that the decentralized oracle network Chainlink (LINK) earlier this week witnessed its most active day in terms of whale transactions since mid-June. The analytics firm says upticks in whale activity are “often the key to sustained rallies.” […]

The post Analytics Firm Santiment Says Crypto Whales Getting ‘Very Active’ on One Ethereum-Based Altcoin appeared first on The Daily Hodl.

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Top Crypto Analyst Sees Silver Lining for Bitcoin, Says October Historically Bullish for BTC

Top Crypto Analyst Sees Silver Lining for Bitcoin, Says October Historically Bullish for BTC

A popular crypto strategist says that based on historical price action, Bitcoin (BTC) could be setting up for a bullish October. The pseudonymous analyst known as Kaleo tells his 535,900 Twitter followers that a much-needed relief rally may be in sight for BTC. “Tracking price action over the past decade, Sept. has far and away […]

The post Top Crypto Analyst Sees Silver Lining for Bitcoin, Says October Historically Bullish for BTC appeared first on The Daily Hodl.

Kazakhstan ready to legalize crypto as Russians flock to the country

Ex-Hedge Fund Manager Makes Massive Eight-Figure Bitcoin Price Prediction for Year 2031

Ex-Hedge Fund Manager Makes Massive Eight-Figure Bitcoin Price Prediction for Year 2031

A former hedge fund manager says that Bitcoin (BTC) could be worth well into the millions of dollars by the year 2031. In a new interview with Altcoin Daily, Robert Breedlove, CEO and founder of crypto investment firm Parallax Digital, says that the leading digital asset could reach a price tag of $12.5 million nine […]

The post Ex-Hedge Fund Manager Makes Massive Eight-Figure Bitcoin Price Prediction for Year 2031 appeared first on The Daily Hodl.

Kazakhstan ready to legalize crypto as Russians flock to the country

FTX.US Set To Acquire Assets of Bankrupt Crypto Lender Voyager After Placing $1,422,000,000 Bid

FTX.US Set To Acquire Assets of Bankrupt Crypto Lender Voyager After Placing ,422,000,000 Bid

The US arm of crypto exchange giant FTX is set to acquire the assets of bankrupt crypto lender Voyager Digital after placing a bid of over $1 billion. According to a new press release, Voyager, which is auctioning its remaining assets as a part of a restructuring plan, has successfully completed an auction in which […]

The post FTX.US Set To Acquire Assets of Bankrupt Crypto Lender Voyager After Placing $1,422,000,000 Bid appeared first on The Daily Hodl.

Kazakhstan ready to legalize crypto as Russians flock to the country

Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower as Powell Claims There Are ‘Structural Issues’ With Cryptocurrency

Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower as Powell Claims There Are ‘Structural Issues’ With CryptocurrencyBitcoin was back in the red on Wednesday, as U.S. Federal Reserve Chair Jerome Powell called for more regulation in decentralized finance (defi), citing “structural issues” as a key reason. The token fell below $19,000 on the comments, moving closer to a key support point as a result. Ethereum also slipped following yesterday’s rebound, with […]

Kazakhstan ready to legalize crypto as Russians flock to the country

Analyst Who Called May 2021 Bitcoin Crash Predicts Major Shift for the World’s Largest Crypto Asset

Analyst Who Called May 2021 Bitcoin Crash Predicts Major Shift for the World’s Largest Crypto Asset

A popular crypto analyst who called the May 2021 Bitcoin (BTC) collapse thinks several metrics are now looking bullish for BTC. Pseudonymous analyst Dave the Wave tells his 126,900 Twitter followers that Bitcoin’s dominance level indicates it is due for a price pump. BTC is trading at $19,004 at time of writing. The top-ranked crypto […]

The post Analyst Who Called May 2021 Bitcoin Crash Predicts Major Shift for the World’s Largest Crypto Asset appeared first on The Daily Hodl.

Kazakhstan ready to legalize crypto as Russians flock to the country

Crypto Analyst Predicts Parabolic Rally for Bitcoin (BTC) – Here’s His Target and Timeline

Crypto Analyst Predicts Parabolic Rally for Bitcoin (BTC) – Here’s His Target and Timeline

A popular crypto strategist and trader says that Bitcoin (BTC) is gearing up for a rampaging bull market next year. Pseudonymous crypto strategist Credible tells his 338,500 Twitter followers that Bitcoin is about to conclude a major corrective period and that it looks poised to ignite a parabolic rally to the six-digit level. “While we […]

The post Crypto Analyst Predicts Parabolic Rally for Bitcoin (BTC) – Here’s His Target and Timeline appeared first on The Daily Hodl.

Kazakhstan ready to legalize crypto as Russians flock to the country

Five Crypto Assets Surge 10% or More As Bitcoin Analyst Urges Traders To Keep Their Pants On

Five Crypto Assets Surge 10% or More As Bitcoin Analyst Urges Traders To Keep Their Pants On

A widely-followed Bitcoin (BTC) analyst is warning traders to remain calm as a significant number of altcoins begin to rise. Jason Pizzino tells his 276,000 YouTube subscribers it would be wise to hold on to their shorts and avoid FOMO. “[Let’s] try and keep our pants on right now. Don’t start getting all premature on […]

The post Five Crypto Assets Surge 10% or More As Bitcoin Analyst Urges Traders To Keep Their Pants On appeared first on The Daily Hodl.

Kazakhstan ready to legalize crypto as Russians flock to the country

Research Finds Bitcoin Mining Equates to 0.10% of Global Greenhouse Gas Emissions

Research Finds Bitcoin Mining Equates to 0.10% of Global Greenhouse Gas EmissionsAccording to a recent report published by the Cambridge Centre for Alternative Finance (CCAF), bitcoin mining worldwide accounts for around 0.10% of global greenhouse gas (GHG) emissions or 48.35 million tons of carbon dioxide per annum. Moreover, CCAF’s report details that “Bitcoin’s environmental footprint is more nuanced and complex” and because of complexity issues it […]

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Bitcoin, British Pound trading volume soars 1150% as UK’s currency risks dollar parity

Doom and gloom for some British pound investors is neatly avoided with a Bitcoin flight.

Bitcoin (BTC) will see increased interest from the United Kingdom “very quickly” as fiat currency volatility makes BTC look like a stablecoin.

That was the conclusion from Gabor Gurbacs, strategy adviser at investment giant VanEck, one of many flagging Bitcoin’s appeal over the pound this week.

UK becomes fertile ground for Bitcoin "orange pill"

As the U.S. dollar runs rampant, its strength has come at the expense of trading partner currencies, notably the euro, pound and Japanese yen.

The pound’s disintegration gathered pace this week, however, as GBP/USD hit its lowest on record at nearly $1.03.

With the United Kingdom’s central bank, the Bank of England, avoiding interventions so far, nerves are showing as purchasing power takes a double hit from currency weakness and inflation at forty-year highs.

“The United Kingdom will get orange-pilled very quickly given GBP volatility,” Gurbacs predicted.

“Given that the UK is now outside of the EU bureaucratic apparatus, it will get another chance to become a Bitcoin hub. I think UK leaders will use this opportunity reasonably well.”

The pound was down nearly 25% year-to-date at one point in USD terms. While Bitcoin beats it at 56%, data from Cointelegraph Markets Pro and TradingView shows, the longer the time horizon, the more attractive a BTC hedge becomes.

“Over the past four years the dollar has collapsed -67% gains USD,” Michael Saylor, former CEO of MicroStrategy, noted in his own assessment of fiat currency losses on Sept. 26.

BTC/USD vs. GBP/USD chart. Source: TradingView

According to data from CoinShares head of research James Butterfill, trade volume for the GBP/BTC pair on major exchanges Bitstamp and Bitfinex, normally worth a combined $70 million per day, hit a giant $881 million on Sept. 26 — an increase of over 1,150%.

Butterfill argued that this showed that "when a FIAT currency is threatened, investors start to favour Bitcoin."

Reacting, Saifedean Ammous, author of the popular book, "The Bitcoin Standard," called the phenomenon "fascinating."

GBP/USD trade volume on Bitstamp, Bitfinex chart. Source: James Butterfill/ Twitter

G20 is "starting to understand" the need for a BTC hedge

Gurbacs, meanwhile, acknowledged that while he “might be too optimistic about the UK,” G20 countries could yet enact a major policy shift vis-a-vis BTC acceptance.

Related: Bitcoin gains 5% to reclaim $20K, eyes first 'green' September since 2016

“Like gold, Bitcoin could be a hedge against their own policies. Which is worth a small % allocation and support,” he continued.

“Some are starting to understand this.”

Beyond the pound, data shows that it is the major fiat currencies that are suffering more at the hands of a surging greenback than those of emerging markets (EMs).

“The tables have turned,” Robin Brooks, chief economist at the Institute of International Finance, declared this week.

“Emerging markets like Brazil and Mexico are year-to-date outperforming G10 currencies against the Dollar. This is a big pivot in global markets that's unprecedented. EM monetary policy is these days more orthodox than in advanced economies. Well done EM…”

An accompanying chart from Bloomberg showed the Brazilian real and Mexican peso gaining even on the dollar in 2022.

The pound brought up the rear along with the yen, while the Russian ruble was notably absent, having hit its highest in USD since 2015.

Fiat currency returns vs. U.S. dollar as of Sept. 26. Source: Robin Brooks/ Twitter

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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