Rich Dad Poor Dad author Robert Kiyosaki believes that the world is in trouble amid a financial system that runs on inflation and currency debasement. Kiyosaki tells his 2.6 million followers on the social media platform X that the United States has a history of devaluing its currency at the expense of Americans saving their […]
The post Rich Dad Poor Dad Author Warns World About To Crash Financially, Calls Bitcoin a ‘Best Asset’ for Your Money appeared first on The Daily Hodl.
Three BRICS countries are uniting in sending a message to President-elect Donald Trump about the economic bloc’s alleged de-dollarization efforts. Last year, reports surfaced that BRICS is creating a common currency backed by gold and potentially additional precious metals and assets in an effort to circumvent USD. But now, there’s an apparent reversal. Russian diplomat […]
The post Russia, India and South Africa Say BRICS Not Seeking to Weaken US Dollar: Report appeared first on The Daily Hodl.
Ripple’s RLUSD stablecoin is set for its trading debut on Dec. 17 on platforms including Uphold, MoonPay, Archax and CoinMENA, the company said.
Ripple, the blockchain company behind XRP, confirmed that its Ripple USD (RLUSD) stablecoin will begin trading globally tomorrow, Dec. 17.
RLUSD, a new United States dollar-backed stablecoin developed by Ripple, is set for a global exchange debut, the firm announced to Cointelegraph on Monday, Dec. 16.
The announcement came after the New York Department of Financial Services (NYDFS) approved the RLUSD launch, on Dec. 10, greenlighting the stablecoin’s entrance into global financial and cryptocurrency markets.
Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.
Bitcoin (BTC) continued its northward journey on Dec. 16, signaling continued demand from the bulls. Material Indicators co-founder Keith Alan said in a post on X that historically, Bitcoin makes “MACRO moves” at or around Dec. 17. He expects a rate cut by the Federal Reserve to boost Bitcoin’s prices higher but added that he will wait on the sidelines until more clarity emerges.
ZK Square chief investment officer CK Zheng told Cointelegraph that Bitcoin may have entered “Santa Claus mode,” with investors looking to allocate capital, fearing missing out on the rally. He expects Bitcoin to reach $125,000 in early 2025 but anticipates a 30% correction afterward.
Daily cryptocurrency market performance. 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
Reports on a new BRICS currency designed to compete against the US dollar are fundamentally false, according to leaders in South Africa. In a statement, South Africa’s Department of International Relations and Cooperation (DIRCO) says BRICS is not working on a currency that could be used as an alternative to USD, reports Bloomberg. According to […]
The post South Africa Says BRICS Has No Plans To Create New Currency After Trump Issues Warning Against Dedollarization: Report appeared first on The Daily Hodl.
The executive chairman and co-founder of enterprise software firm MicroStrategy, Michael Saylor, believes Bitcoin (BTC) will always appreciate against the US dollar. In a new interview with Yahoo Finance, Bitcoin bull Saylor says that the flagship crypto asset is on track to eventually hit $1 million after breaking through the $100,000 resistance level earlier this […]
The post Bitcoin Primed To Keep Appreciating Against US Dollar Forever, According to Michael Saylor – Here’s His Outlook appeared first on The Daily Hodl.
The Secret Service has been called in to investigate the discovery and seizure of $304,500 in fake U.S. currency at JFK International Airport in New York. U.S. Customs and Border Protection says a man on a flight from Ecuador tried to bring the trove of fake cash into the country, reports NBC New York. The […]
The post $304,500 in Counterfeit Cash Seized at New York Airport, Triggering Secret Service Investigation appeared first on The Daily Hodl.
MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game.
Crypto miner MARA Holdings has urged the United States to act more aggressively to “secure dominant positions in Bitcoin and Bitcoin mining,” claiming it’s a matter of national security.
“The United States faces an urgent need to secure its economic and national security interests,” MARA wrote in a Nov. 26 X post.
The miner added that the US needs to take the lead in holding Bitcoin (BTC) just like it has with gold, particularly with the rising trend of de-dollarization — countries shedding reliance on the US dollar.
Bitcoin’s failure to cross above $100,000 could extend the current price pullback. The real question is whether or not bulls will buy the dip.
The failure of the bulls to push Bitcoin (BTC) above $100,000 started a pullback, which is expected to find buyers at lower levels.
According to crypto tracking platform SoSoValue, United States-based spot Bitcoin exchange-traded funds (ETFs) witnessed the largest recorded inflows of $3.38 billion last week.
Another major buyer of Bitcoin was MicroStrategy, a publicly traded business intelligence and software firm, which bought 55,000 Bitcoin for $5.4 billion between Nov. 18 and Nov. 24 at an average price of $97,862. After the latest purchase, MicroStrategy’s total holdings ballooned to 386,700 Bitcoin.
