The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Says Bitcoin (BTC) Whales Are Back – Plus Ripple and XRP, Tron, Litecoin, Ethereum, Cardano, Stellar

by Daily Hodl Staff
April 8, 2019
in Altcoins

[the_ad id=”36860″]

From the potential return of Bitcoin’s biggest buyers to new adoption for Ripple, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Fundstrat analyst and Bitcoin bull Tom Lee says he believes BTC is now decisively in a bull market. In a new interview with Bloomberg, Lee points to global macroeconomic factors and “true buying” from Bitcoin whales as two factors for the recent turnaround.

“At the start of this year, you could have made the bet that tailwinds were developing, because the dollar wasn’t strengthening. And a lot of folks now think the dollar could weaken – that’s a tailwind. And yuan has been rallying big – that’s China. That’s bullish for crypto because the correlation is so high.

We’ve had evidence that what they call OGs, or the whales, the original holders of crypto, are starting to accumulate again. A lot of them sold into early 2018.”

Lee cited new data from crypto market maker Cumberland, which reported a burst of large Bitcoin buy orders last week. According to Lee, the numbers show the death of Bitcoin has been greatly exaggerated.

“Most people who were skeptical of crypto and witnessed last year’s decline just said, ‘Look, Bitcoin’s dead. It’s on its way to zero because it’s down 90%’. But an instrument that can go back to its 200-day and hold it is now in a bull trend. So I think sentiment has to change because Bitcoin is now in a bull market.”

Despite Lee’s optimism, not all of the current analysis on Bitcoin is bullish. According to Bloomberg, a technical gauge that looks at intraday volatility flipped bearish last week, suggesting Bitcoin is in heavily overbought territory.

[the_ad id=”36860″]

Ethereum

Ethereum creator Vitalik Buterin is urging leaders in South Korea to support and deregulate blockchain technology.

According to local news outlet News1, Buterin recently met with members of the South Korean parliament and gave a speech on the emerging industry. Specifically, Buterin is asking lawmakers to abandon the “blockchain, not Bitcoin” stance, saying cryptocurrencies are a vital part  of the blockchain ecosystem.

Ripple and XRP

The payments platform Xendpay says it’s now using Ripple to power payments between the UK and Thailand.

Sending money abroad should be hassle-free. Our partnership with #Ripple helps customers make quick and secure transfers overseas.

Find out more > https://t.co/cymSjkXYL8 #SendMoneyAbroad #Payments #RippleNet pic.twitter.com/j5yclUOqZu

— xendpay (@xendpay) March 22, 2019

Xendpay is the sister company of RationalFX, which recently announced it’s also using Ripple’s cross-border payments technology to boost remittances between Europe and Malaysia. So far, both platforms are utilizing Ripple’s xCurrent and have not revealed whether they are exploring Ripple’s XRP-powered xRapid.

[the_ad id=”36860″]

Bitcoin Cash

The next halving for Bitcoin Cash is now one year away. The halving is part of the coin’s deflationary monetary policy, and will cut the rewards miners get for powering the network by half, which will slow the creation of new BCH.

You can check out a countdown clock here.

Litecoin

The Singapore-based crypto exchange Coinut just released a new update on Litecoin’s Lightning Network.

The layer-two scaling solution is designed to dramatically increase the speed and lower the cost of crypto transactions.

Since Lightning Network was proposed in 2016, a few years have passed, and people have been talking about it all the time. What is the real situation of Litecoin's Lightning Network now?https://t.co/12zjHcCr3c@LTCFoundation @SatoshiLite @TheRealXinxi #LTC #Litecoin $LTC

— COINUT EXCHANGE (@coinut_exchange) April 6, 2019

[the_ad id=”36860″]

Stellar

The Malta-based crypto exchange CoinDeal now supports Stellar Lumens (XLM). Trading is now live, and so far XLM is paired with Bitcoin.

The new #crypto on our exchange is @StellarOrg! ?#Stellar [XLM] is the eighth largest crypto in terms of capitalization. This coin gained great popularity in our voting, and now you can enjoy it while trading on the #XLM/BTC market!

? Trade now: https://t.co/onrTuHxuaZ. pic.twitter.com/mt8ZjULjPp

— CoinDeal (@CoinDeal_) April 5, 2019

Tron

Tron’s new partnership with Tether kicks off tomorrow. Tether is set to launch its new USDT coin on Tron’s network on Tuesday.

The stablecoin will support Tron’s growing network of decentralized applications including its popular gaming and gambling DApps.

#USDT–#TRON launching on April 9!

?Speed:
Immediate transactions

?Fees:
Free

?Use Cases:
Trading, TRON DApps, #TRX Ecosystem & DEXs, @BitTorrent@Tronfoundation will revolutionize the way #crypto's most traded stablecoin $USDT is used on the blockchain#IAmDecentralized pic.twitter.com/PstXPNfExS

— Misha Lederman (@mishalederman) April 7, 2019

[the_ad id=”36860″]

Cardano

Cardano creator Charles Hoskinson is set for an interview with YouTube’s Ivan on Tech. The interview starts at 8:00 a.m. PST and will cover Cardano’s 2019 roadmap, progress, price action and more.

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
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 loses 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.
Submit a Press Release

Industry Announcements

  • Script Network, SingularityNET and Stacks Bring Practical Solutions to Real-World Issues
    March 29, 2023
  • OKX To Open Office in Australia
    March 29, 2023
  • Metacade Raises Over $14.7 Million As Presale Sets To Close in 72 Hours
    March 29, 2023
  • Binance Expands AI-Powered NFT Generator Bicasso
    March 28, 2023
  • Open-Source Blockchain D-Ecosystem Raises $6 Million Ahead of IDO on March 29, 2023
    March 27, 2023
  • Bitget Becomes the First Centralized Exchange To Offer Financial Transparency Through Space and Time
    March 27, 2023
  • OKX Launches Turkish Lira Deposits and Withdrawals
    March 27, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,316.59
$28,316.59
2%
Ethereum
$1,802.53
$1,802.53
3.3%
Cardano
$0.380868
$0.380868
13.46%
XRP
$0.460298
$0.460298
19.52%
Dogecoin
$0.076029
$0.076029
5.81%

Spotlight

  • Cathie Wood Says Price of Bitcoin Will Go Through the Roof if People Lose Confidence in Monetary System
    March 27, 2023
  • Whales Abruptly Move 135,800,000 XRP As Altcoin Flashes Signs of Life – Here’s Where the Crypto Is Going
    March 27, 2023
  • Coinbase Executive Says US Government Squandering Lead in Technology With Lack of Crypto Regulatory Clarity
    March 27, 2023
  • CFTC Goes After Binance and Changpeng Zhao With Lawsuit, Bitcoin (BTC) and Crypto Markets Get Rocked
    March 27, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl