The head of digital assets research at exchange-traded fund (ETF) provider VanEck says that Bitcoin (BTC) and one or two layer-1 blockchains will outperform the market. In a new interview on the Bitcoin Macro YouTube channel, VanEck executive Matthew Sigel says that in the long run, the economic value of the digital assets industry will […]
The post Bitcoin and ‘One or Two Layer-Ones’ Will Outperform Market, Says Matthew Sigel – Here Are His Top Altcoin Picks appeared first on The Daily Hodl.
A closely followed crypto strategist and trader says Solana (SOL) and three additional altcoins are his best picks for longer-term holds. Pseudonymous analyst Altcoin Sherpa tells his 223,400 followers on the social media platform X that SOL will likely remain in an uptrend as long as it holds $110 as support. In addition to SOL, […]
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Bitcoin remains below $55,724 support, but the selling may be reducing, increasing the possibility of a relief rally in UNI, SUI, OP and HNT.
Bitcoin (BTC) broke below the $55,724 to $73,777 range on Sept. 6, paving the way for a further decline to the Aug. 5 intraday low of $49,000. According to Bitget Wallet chief operating officer Alvin Kan, Bitcoin may remain under pressure until the Federal Reserve’s rate decision on Sept. 18. However, after the rate cut is announced, Kan anticipates risk assets to witness a short- to mid-term boost.
Arthur Hayes, the former CEO of the BitMEX cryptocurrency exchange, who earlier speculated Bitcoin to drop below $50,000 has changed his view. He now expects Bitcoin to rally as early as next week due to increased United States dollar liquidity from the Fed.
Crypto market data daily view. Source: Coin360
Applications range from digital storage to energy markets, the report said, while pointing to significant use cases for the technology.
Decentralized physical infrastructure networks (DePINs) will be Web3’s “next big use case,” with the potential to onboard “a significant number of new users to the crypto space,” according to a Sept. 5 report by MV Global, a Web3 investing firm.
“Real-world adoption has accelerated with hundreds of thousands of users of multiple individual protocols,” MV Global said. “[T]his is only the start of what we think will be a massive wave of growth… not only for current Web3 users but also for Web 2 converts.”
DePINs are blockchain protocols aimed at decentralizing real-world infrastructure and systems, including communications networks, data warehouses, energy markets, and more. According to MV Global, the ecosystem currently comprises upward of 1,000 projects and represents more than $50 billion in aggregate market capitalization.
While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn’t have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting 28.63% during the same period. Crypto […]
Bitcoin’s price consolidation could convince traders that it's time to play with altcoins. BNB, TON, AAVE and HNT are the ones on Cointelegraph's radar.
Bitcoin (BTC) continued its sideways price action as buyers successfully defended the $55,724 support this week. Large fund managers have used the period of consolidation to add spot Bitcoin exchange-traded funds (ETFs) to their portfolios. According to an analysis by CoinShares Research, Goldman Sachs bought $419 million, Capula Management acquired $470 million, and Avenir Tech purchased $388 million worth of Bitcoin ETFs since March.
A report published by cryptocurrency exchange Coinbase shows that institutional investors labeled as investment advisers increased their Bitcoin ETF holdings by 3% in the second quarter of 2024. During the same period, the hedge fund holdings declined slightly. Coinbase believes that the summer period in the United States (June to August) may delay “large inflows,” keeping the price action choppy.
Crypto analyst Matthew Hyland said in a video analysis that Bitcoin is following patterns similar to those in previous US election years. According to that, Bitcoin may remain in the range for “a little bit longer” and break out probably in October or November.
A closely followed crypto analyst said that Bitcoin (BTC) could dip below the $50,000 mark if one major support level fails to hold. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 219,900 followers on the social media platform X that the crypto king’s next test could either send it flying past […]
The post Analyst Says Bitcoin Primed To Crash Below $50,000 if Major Level Holds, Updates Outlook on Sui and Helium appeared first on The Daily Hodl.
Despite the recent dip in the crypto market, several digital currencies have experienced solid growth over the past week. Leading the pack, SUI saw a 95.6% increase against the U.S. dollar, with ZETA following closely, jumping 71.9% this week. Crypto’s Top Weekly Performers As of 12 p.m. EDT on Monday, the global crypto market has […]
Two top-100 altcoins defied the crypto market downtick and witnessed big gains this week amid new fundamental developments. The decentralized Internet of Things (IoT) network Helium (HNT) announced on Friday that “two large US carriers” kicked off tests to unload their traffic onto the Helium MOBILE Network. MOBILE is a Solana-based (SOL) decentralized wireless provider […]
The post Top-100 Altcoins Sui and Helium Defy Crypto Market Downtick and Surge in Price Amid New Fundamental Developments appeared first on The Daily Hodl.
A widely followed crypto strategist says that Ethereum (ETH) is likely gearing up for a big upside move as the leading smart contract platform shows “serious strength” in the charts. Pseudonymous analyst and trader Bluntz tells his 257,000 followers on the social media platform X that ETH is looking strong both in its USD and […]
The post Ethereum Showing Serious Strength as One Low-Cap Altcoin Flashes Bullish Signal for First Time Since 2022: Analyst appeared first on The Daily Hodl.
