The Daily Hodl
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Early Ethereum Whale Address Sends Nearly $90,000,000 to Kraken After Being Dormant for Five Years: On-Chain Data
- December 6, 2023
- Posted by: MasterAdmin
- Category: The Daily Hodl
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An early Ethereum (ETH) whale appears to have woken up from a multi-year slumber.
Data from crypto tracker Lookonchain reveals that the deep-pocketed investor deposited 39,260 ETH worth $87.5 million to the crypto exchange Kraken on Monday after being dormant for five years.
The whale received 47,260 Ethereum worth $11.34 million (at a price of approximately $240 per ETH) between June and August 2017.…
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Crypto Analyst Predicts Bitcoin Melt Up, Says BTC Bullish Move Far From Over
- December 6, 2023
- Posted by: MasterAdmin
- Category: The Daily Hodl
A widely followed analyst believes that Bitcoin (BTC) has a lot more gas left in the tank even though it’s already surged about 17% since the start of December.
Trader Credible Crypto tells his 356,400 followers on the social media platform X that Bitcoin does not look overheated even after printing a new 2023 high of about $44,313.
“People keep trying to time the top with shorts and/or profit taking because they believe this rally is ‘overheated.’…
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Trader Predicts Massive Solana (SOL) Rally to New All-Time High of $360 – Here’s His Timeline
- December 6, 2023
- Posted by: MasterAdmin
- Category: The Daily Hodl
A popular crypto analyst thinks Ethereum (ETH) competitor Solana (SOL) could skyrocket to new all-time highs within the next year.
The pseudonymous trader known as Inmortal shares a chart with his 202,700 followers on the social media platform X that projects SOL surging to $360 by the beginning of 2025.
Inmortal’s chart predicts the sixth-ranked crypto asset by market cap will jump up to around $100 near the end of this year and then realize most of its gains in the second half of 2024.…
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US Crypto Firms Break New Record, Spending $18.96 Million on Lobbying in 2023: Report
- December 6, 2023
- Posted by: MasterAdmin
- Category: The Daily Hodl
US crypto firms are reportedly breaking records in terms of how much they’ve spent on lobbying in 2023.
According to a new report by Reuters, the US crypto industry spent a combined $18.96 million on lobbying in the first three quarters of 2023, $2.86 million more than it spent during the same period in 2022.
These numbers are despite the massive collapse of the crypto exchange FTX in late 2022, which was a top-ten spender in terms of lobbying.…
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Here’s When Current Bitcoin Rally Could Top Out, According to Crypto Analyst Benjamin Cowen
- December 6, 2023
- Posted by: MasterAdmin
- Category: The Daily Hodl
A widely followed crypto analyst says that one key level could signal a Bitcoin (BTC) pullback as the top digital asset rallies.
In a new strategy update, crypto analyst Benjamin Cowen tells his 788,000 YouTube subscribers that Bitcoin could dip should it hit the $48,000 level.
To make his prediction, Cowen uses Fibonacci retracement levels, a method of technical analysis for determining an asset’s support and resistance areas.…
