New data blockchain explorer Blockchair reveals that a hacker took advantage of an exploit in Dogecoin’s (DOGE) blockchain, causing the majority of its nodes to crash. Earlier this week, a Dogecoin monitoring platform noticed that the number of DOGE nodes dipped from 647 to just 205, a decrease of about 69%. “Our monitoring made us […]
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A closely followed crypto trader believes that top memecoin Dogecoin (DOGE) could soar to double digits based on historical patterns. Crypto strategist Ali Martinez tells his 97,000 followers on the social media platform X that DOGE appears to be in the phase of the cycle when it pauses before skyrocketing to new record highs. The […]
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Bitcoin’s rally above $100,000 has improved sentiment, triggering a strong recovery in several altcoins.
Bitcoin (BTC) found support near $94,000 on Dec. 10, and the bulls made a solid recovery on Dec. 11. The price soared back above the psychologically crucial level of $100,000 after November’s inflation report met economists’ projections. According to the FedWatch Tool, the probability of a 25-basis point rate cut in the next meeting has risen to more than 96%. That could prove to be bullish for risky assets.
Bitwise investment chief Matt Hougan and research head Ryan Rasmussen said in a report that Bitcoin could cross $200,000 by the end of 2025. Along with Bitcoin, the duo is also bullish on Ether (ETH) and Solana (SOL), expecting them to rise to $7,000 and $750, respectively.
Crypto market data daily view. Source: Coin360
Bitcoin’s failure to hold $100,000 could attract profit booking from traders. Which altcoins will follow BTC's downtrend?
Bitcoin (BTC) has pulled back near $98,000, indicating that the bears continue to fiercely defend the $100,000 level. CryptoQuant contributor Maartuun said in a post on X that long-term holders offloaded 827,783 Bitcoin since Nov. 8. He also highlighted several other signals in the thread, which suggest that Bitcoin may be close to a top.
However, there is no stopping MicroStrategy, one of the largest corporate holders of Bitcoin, which continues to build its stockpile. The firm said it bought 21,550 Bitcoin between Dec. 2–8 at an average price of $98,783. MicroStrategy co-founder and former CEO Michael Saylor told Yahoo Finance that he would be “buying the top forever.”
Daily cryptocurrency market performance. Source: Coin360
Bitcoin’s consolidation in the $100,000 range is giving traders an opportunity to take a closer look at DOGE, SUI, PEPE and FTM.
Bitcoin (BTC) continues to witness a tough battle between the bulls and the bears at the $100,000 level. CryptoQuant contributor Percival said in a Quicktake blog post on Dec. 6 that Bitcoin’s weekly strength is worn out, suggesting a consolidation over time.
The near-term uncertainty and the choppy price action have not altered analysts’ long-term bullish view on Bitcoin. WeRate co-founder Quinten François said in a post on X that Bitcoin is “entering the euphoria stage,” which could extend the rally for a maximum of 12 months before a cycle top is formed.
Crypto market data daily view. Source: Coin360
A closely followed crypto strategist thinks Ethereum (ETH) is now in a solid position to print new all-time highs. Trader Justin Bennett tells his 115,200 followers on the social media platform X that Ethereum bulls are in full control as long as ETH is trading above an immediate support level. According to Bennett, Ethereum could […]
The post Crypto Trader Predicts Incoming Rallies for Ethereum, Says New Dogecoin All-Time High ‘A Formality at This Point’ appeared first on The Daily Hodl.
Dogecoin (DOGE) keeps climbing on Dec. 7, 2024, as technical data from its 1-hour, 4-hour, and daily charts point to persistent bullish energy. Adding to the buzz, interest has spiked thanks to DOGE-related posts shared by Elon Musk on X. Dogecoin The 1-hour chart highlights a robust uptrend for dogecoin (DOGE), with the price rebounding […]
A widely followed cryptocurrency trader thinks that one large-cap memecoin is gearing up for another round of upside bursts. Pseudonymous analyst Bluntz tells his 303,200 followers on the social media platform X that he sees Dogecoin (DOGE) outperforming Bitcoin (DOGE/BTC) as the pair approaches the resolution of a triangle pattern. A triangle structure is typically […]
The post Top Trader Says Large-Cap Altcoin on Cusp of a Violent Upside Move, Updates Outlook on Bitcoin and dogwifhat appeared first on The Daily Hodl.
Bitcoin price trades above $100,000 again, proving that every minor dip is being purchased.
Bitcoin (BTC) created a historic milestone on Dec. 5, as it reached the psychologically critical level of $100,000. The bears pulled the price back toward $90,000, but the bulls purchased the dip and have succeeded in driving the price above $100,000 on Dec. 6.
Has Bitcoin topped out in the short term, or is every dip still a buying opportunity? This is one of the burning questions in traders’ minds.
ARK Invest founder and CEO Cathie Wood said in a post on X that Bitcoin “is still in early innings” even after breaking out of $100,000. She added that her firm believes “Bitcoin is a much bigger idea than gold.”
A widely followed cryptocurrency analyst and trader is leaning bullish on the second-largest memecoin by market capitalization. The analyst pseudonymously known as Bluntz tells his 302,600 followers on the social media platform X that a “god candle”, a massive candlestick denoting a rapid and sustained upward price action, is loading for Shiba Inu (SHIB) as […]
The post ‘God Candle Loading’: Top Analyst Says Retail Investors Primed To Trigger Rally in One Dogecoin Competitor appeared first on The Daily Hodl.
