Crypto’s traditional four-year cycle could come to an end because of President Trump’s executive order, according to Bitwise’s chief investment officer Matt Hougan. In a new note to investors, Hougan says that the four-year cycle appeared to be intact – until Trump came out with the “Strengthening American Leadership in Digital Financial Technology” executive order. The executive order directs the United States government to promote stablecoins, end regulatory persecution of digital assets, the evaluation of a national crypto reserve, and other initiatives. The four-year cycle is based on the idea that crypto follows Bitcoin’s halvings when BTC miners’ rewards are cut in half, which happen roughly every four years and tend to precede upward price movements. While the four-year cycle is widely accepted as the norm by many crypto investors, Hougan says that the pattern might now be broken due to the implications of Trump’s executive orders, the implications of which could take years to play out. “The thing I’m wrestling with is that the downstream positive effects of the EO, plus the other changes in Washington, will be felt over the course of years, not months. In the absolute best-case scenario, it will take a year to align on and implement a new regulatory framework for crypto. It will take longer than that for the behemoths on Wall Street to fully orient themselves to crypto’s possibilities. If it’s not until next year that we feel those impacts, will we really have a new “crypto winter” in 2026? Will investors go into hibernation even though they know we’ve entered a new crypto-enabled world? If BlackRock CEO Larry Fink is calling for $700k Bitcoin, are we really going to see a 70% pullback? My guess is that we haven’t fully overcome the four-year cycle. Leverage will build up as the bull market builds. Excess will appear. Bad actors will emerge. And at some point, there could be a sharp pullback when the market gets over its skis. But my guess is that any pullback will be shorter and shallower than in years past. Why? The crypto space has matured; there’s a greater variety of buyers and more value-oriented investors than ever before. I expect volatility, but I’m not sure I’d bet against crypto in 2026. As for now, it’s full steam ahead. The crypto train is leaving the station.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/delcarmat The post Bitwise CIO Matt Hougan Says President Trump’s Executive Order Could End Crypto’s Four-Year Cycle – Here’s Why appeared first on The Daily Hodl .

2025-01-29 21:05

The crypto exchange KuCoin will pay a $297 million penalty to the US government stemming from compliance violations. Peken Global Limited, the Seychelles-based company that operates KuCoin, has pled guilty to operating an unlicensed money-transmitting business, according to a new press release from the U.S. Attorney’s Office for the Southern District of New York. U.S. Attorney Danielle R. Sassoon says the exchange failed to maintain an adequate anti-money laundering (AML) program and failed to report suspicious transactions. “As a result, KuCoin was used to facilitate billions of dollars’ worth of suspicious transactions and to transmit potentially criminal proceeds, including proceeds from darknet markets and malware, ransomware, and fraud schemes. Today’s guilty plea and penalties show the cost of refusing to follow these laws and allowing unlawful activity to continue.” KuCoin has agreed to criminally forfeit $184.5 million and pay a fine of $112.9 million, and the firm will exit the US market for at least two years. Two of the exchange’s founders, Chun Gan and Ke Tang, each agreed to forfeit approximately $2.7 million in funds. Neither founder will have any role in KuCoin’s management or operations going forward. KuCoin is the 17th-largest crypto exchange in the world in terms of monthly visits, according to data from CoinGecko . Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post KuCoin Agrees To Pay $297,000,000 to US Government for Operating Unlicensed Money Transmitting Business appeared first on The Daily Hodl .

2025-01-29 17:30

BitMEX co-founder Arthur Hayes believes Bitcoin ( BTC ) is primed to experience a deep drawdown before hitting a new all-time high later in the year. In a new blog post, Hayes says that the “more likely” path forward for Bitcoin is to drop by up to 32% from the current level before a massive rally. “I don’t believe this bull cycle is over; however, on a forward-looking probabilistic basis, I think we are more likely to go down to $70,000 to $75,000 Bitcoin and then rise to $250,000 by the end of the year than to continue girding higher with no material pullback.” Hayes says that after being bullish earlier this year, his “giddiness has evaporated” owing to bearish signals from the macroeconomic environment and the crypto industry. “Subtle movements between central bank balance sheet levels, the rate of banking credit expansion, the relationship between the US 10-yr treasury/stocks/Bitcoin prices, and the insane Official Trump (TRUMP) memecoin price action produced a pit in my stomach. This is a similar feeling I got in late 2021, right before the bottom fell out of the crypto markets.” The BitMEX co-founder says that another reason for his change in sentiment is that the rate of increase in money supply in the world’s first, second and fourth-largest economies has decelerated. “A pullback of this magnitude would be ugly because the current level of bullishness is so high. Trump continues to say the right things via executive orders, improve sentiment by pardoning Ross Ulbricht, and stoke the degen crypto spirits with his recent memecoin launch. But these things were mostly expected, bar the memecoin launch. What is not being fully appreciated is the slowdown in filthy fiat creation in Pax Americana, China, and Japan.” Bitcoin is trading at $102,555 at time of writing. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Arthur Hayes Says ‘Ugly’ Bitcoin Correction To Propel BTC to $250,000 This Year With ‘No Material Pullback’ appeared first on The Daily Hodl .

2025-01-29 14:45

A closely followed analyst who continues to build a following with timely crypto calls thinks Solana ( SOL ) is gearing up for a rally to a fresh record high. Pseudonymous trader Bluntz tells his 313,400 followers on the social media platform X that he thinks Solana has completed an ABC correction on the four-hour chart. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to spark a new five-wave upside surge after completing an ABC pullback. Says the trader, “SOL pullback has also unfolded in a clear ABC with the B wave as a triangle, should be en route to an all-time high from here, in my opinion.” Source: Bluntz/X Based on the analyst’s chart, Bluntz appears to predict that Solana will climb to $320. At time of writing, SOL is worth $226. As for Bitcoin ( BTC ), Bluntz says the crypto king may be in the midst of completing an ABC correction as well. According to the trader, it is within the realm of possibility for BTC to bottom out at around $96,000 before kicking off a final leg-up. “I probably would be open to the fact that this is an ABC, and we’re going to extend again. In which case, this would probably turn into another five-wave move and would extend again… Maybe [BTC would rally within] a diagonal. Bull markets love to end on ending diagonals. They love to be the final, final wave. We’ve seen that many times before.” Source: Bluntz/X Looking at the trader’s chart, he seems to suggest that Bitcoin will end the bull market at around $130,000. At time of writing, BTC is worth $101,076. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Analyst Says Solana en Route to New All-Time High, Outlines Potential End-of-Cycle Surge for Bitcoin appeared first on The Daily Hodl .

2025-01-29 12:15

A crypto strategist who accurately called Bitcoin’s correction last year thinks BTC is close to sparking a parabolic rally based on historical precedence. Pseudonymous analyst Rekt Capital tells his 533,100 followers on the social media platform X that Bitcoin is in week 14 of its price discovery phase – a bull market stage that began when Bitcoin eclipsed its previous cycle’s all-time high late last year. According to the trader, historical data suggests that BTC may be a couple of weeks away from starting its next leg up. “In Week 14 of the 2017 cycle, Bitcoin was recovering from its first Price Discovery Correction only to make new highs in Week 16. In Week 14 of the 2021 cycle, Bitcoin was still just bottoming on its first Price Discovery Correction only to make new highs in Week 16. It’s Week 14 right now.” Rekt Capital notes that traders who refuse to unload their BTC stack amid the correction will likely be rewarded in the coming weeks. “Based on this data, here is how to approach these upcoming weeks in Price Discovery when it comes to Bitcoin: Weeks 14-15 = Patiently HODL (hold on for dear life) Weeks 16+ = Optimistic On Confirmation Of The 2nd Price Discovery Uptrend.” The trader also highlights that he thinks the Bitcoin bull market has a long way to go. “It is still relatively early on in the BTC Parabolic Phase of this cycle. Historically, this phase has lasted on average ~300 days. Bitcoin is on Day 82 of its Parabolic Phase.” At time of writing, Bitcoin is trading at $101,163. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Trader Who Nailed Bitcoin Pre-Halving Correction Sees BTC Kicking Off All-Time High Parabolic Rally – Here’s When appeared first on The Daily Hodl .

2025-01-29 10:04

An analyst known for making timely crypto calls believes that Ethereum ( ETH ) is at a pivotal point as it hovers close to $3,000. Pseudonymous trader Credible tells his 459,900 followers on the social media platform X that Ethereum may be in the midst of carving a local bottom before igniting fresh rallies. According to the analyst, Ethereum bulls should hold ETH’s immediate support at around $3,000 otherwise the leading smart contract protocol could plunge to below $2,800. “Here we are. The first of two levels that I believe will mark our bottom on ETH. Moment of truth here, let’s see if it holds. If it’s lost, then we hit the monthly demand below which should mark our HTF (high time frame) bottom. Many other coins also hitting key/pivotal levels right now.” Source: Credible/X Looking at the trader’s chart, he seems to predict that ETH could rally above $4,000 after bottoming out. At time of writing, ETH is worth $3,170. Turning to Bitcoin, the analyst thinks that the current BTC correction is a positive rather than a negative for the crypto king. According to Credible, the retracement is setting the stage for a potential Bitcoin short squeeze. A short squeeze occurs when a sharp rise in the price of an asset forces traders who had previously sold short to close their positions, fueling more rallies. Short selling means selling borrowed shares of a stock with the expectation that the price will fall. Says Credible, “BTC is simply heading down to one end of our range that we’ve been trapped in for the last week, nothing to be freaking out about. In fact, I’m glad we’re going for the lows first because it’s healthier for us to take liquidity from the lows of this range while leaving liquidity behind at the highs. Eyes on the range lows to see if this is just a liquidity grab at one end of the range before going for the other…” Source: Credible/X While Credible believes BTC is positioned to spark a short-term rally, he predicts that Bitcoin may witness one more leg down after the surge before launching a parabolic upside move en route to $150,000. “In a perfect world…” Source: Credible/X At time of writing, Bitcoin is trading for $102,080. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Says ‘Moment of Truth’ Is Here for Ethereum (ETH), Sees Current Bitcoin Correction As Healthy for BTC appeared first on The Daily Hodl .

2025-01-29 03:00

The UK could potentially sell its multi-billion dollar trove of Bitcoin ( BTC ) to plug holes in its finances, according to accounting giant RSM. According to blockchain “de-anonymizing” platform Arkham , the UK government holds about $6,270,000,000 worth of Bitcoin, most of it from when it seized coins belonging to convicted money launderer Jian Wen. Prosecutors say Wen converted Bitcoin into cash and property, though her lawyers allege that someone else was the brains behind the operation. Now, with holes in the UK’s fiscal situation, the Daily Mail reports that Rachel Reeves, the UK’s Chancellor of the Exchequer, has been instructed by insiders to consult with experts on when to sell the BTC to achieve the best deal for the British taxpayer. Says Chris Etherington, a partner at accounting firm RSM, “There is a strong case for selling the Bitcoin right away. The currency is too volatile, too speculative. Rachel Reeves will be looking at it given the political pressure she is under as she waits for the Office For Budget Responsibility forecasts. Germany cashed in last year. Let’s face it – it is a get out of jail free card for her.” Says lawyer Quentin Hunt, “It [forfeited crypto-currency] gets paid back into the public purse to the Consolidated Fund, which is where all the monies go to which are effectively seized. That money is managed by the Treasury – so it effectively goes back into the public purse.” Last year, the German government sold off 50,000 of its BTC under similar circumstances. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post $6,270,000,000 Worth of Seized Bitcoin Could Be Sold By UK To Pay Off Debts: Accounting Giant appeared first on The Daily Hodl .

2025-01-29 01:01