The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

The Plunge: Crypto Trader Bets $4 Million Long on Bitcoin (BTC) – Plus Ethereum, XRP, Ripple, Stellar, Tron Updates

by Daily Hodl Staff
November 21, 2019
in Altcoins

From a big bet on Bitcoin to the friendly competition between Ethereum and XRP, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

A popular margin trader on the crypto exchange BitMEX says he’s taking a $4-million bet on Bitcoin.

The trader, known in the industry as Flood, tells his 72,800 followers on Twitter that he’s now long on BTC and took the multi million-dollar position when the leading crypto hit $8,105.

https://twitter.com/ThinkingUSD/status/1196950622282616832

In the long term, a former Wall Street trader and vice president at JP Morgan Chase, Tone Vays, says Bitcoin remains in a descending channel. He’s looking for BTC to move as low as $5,000.

Vays has been consistently bearish on the king coin throughout 2019 and says he’s looking forward to becoming a bull.

“At the moment, I’m still looking for $5,000, but not necessarily this year. We have about a month and a half to go, maybe even less. I am looking for that $5,000, more like January or February to finally, finally say I am no longer a bear.

You can say that that happened a year later than it should have. But the low a year ago was $3,000. If the secondary low comes in at $4,500 to $5,000, I’ll be ok with that. I’d rather be a year late at approximately the same price and I’m perfectly fine with that.”

Ripple, XRP and Ethereum

The CEO of the Malta-based crypto exchange CoinField says he’s a fan of both Ethereum and XRP.

After saying XRP has “better technology” than Ethereum in a recent interview, Bob Ras took to Twitter to say he’s a fan of both networks.

“The fact that we’ve selected the XRP Ledger over Ethereum doesn’t mean Ether has weak technology! We needed to offer the fastest and most cost-efficient solution within [the] Sologenic ecosystem to move liquidity in additional to the basic smart contract capability. The choice was XRP.”

CoinField recently fired up a Ripple-approved validator on the XRP Ledger as it gears up to launch Sologenic.

The platform is designed to let people trade thousands of tokenized versions of stocks and ETFs against both XRP and a new token called SOLO.

Tron

Tron creator Justin Sun has issued one of his trademark pre-announcement announcements.

Sun is promising to reveal a new acquisition soon and says he’s already sealed the deal. Tron’s most noteworthy acquisition came in July of last year, when the company bought the decentralized file-sharing platform BitTorrent for more than $100 million.

New acquisition in #TRON ecosystem is done. Stay tuned! #TRX $TRX

— H.E. Justin Sun ??? (@justinsuntron) November 19, 2019

Stellar

The Stellar Development Foundation says it’s gearing up to give away 3,000,000 of its native crypto asset XLM.

It will be handed to developers and entrepreneurs looking to build on the network.

The deadline to submit proposals is December 14th and the winners will be announced in January.

The #Stellar Community Fund (SCF) is part of what makes our ecosystem so unique. It's a community-driven event that rewards Stellar-powered innovation!

If you're a dreamer, developer, entrepreneur, submit your proposal!https://t.co/0BlfYJG76d pic.twitter.com/kHzqFlnWwF

— Stellar (@StellarOrg) November 19, 2019

[the_ad id="42537"] [the_ad id="42536"]
 
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.
Submit a Press Release

Industry Announcements

  • Venom Foundation Achieves 150,000 TPS in Closed-Network Stress Test, Paving the Way for 2025 Mainnet Upgrade
    May 23, 2025
  • XDC Network’s XVC Tech Announces Investment in Laser Digital Carry Fund, Launches Institutional Fund Infrastructure With Libre
    May 22, 2025
  • Psy Develops First Trustless Bridge From Dogecoin to Solana
    May 22, 2025
  • Mantle and Republic Technologies Forge Strategic Partnership To Pioneer Institutional mETH Integration
    May 22, 2025
  • BTCC Exchange Appoints Dan Liu as CEO Ahead of 14th Anniversary Milestone
    May 21, 2025
  • Bitcoin Suisse Secures In-Principle Approval From ADGM’s Financial Services Regulatory Authority
    May 21, 2025
  • Beer 2.0 – The Memecoin That’s Brewing Something Bigger on Solana
    May 20, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$107,943.92
$107,943.92
3.03%
Ethereum
$2,543.75
$2,543.75
6.16%
BNB
$664.65
$664.65
3.66%
Solana
$175.26
$175.26
4.76%
XRP
$2.33
$2.33
5.49%

Spotlight

  • Bitcoin To Eclipse $200,000 As Economic Volatility Subsides, Says Bitwise CIO Matt Hougan – Here’s the Timeline
    May 16, 2025
  • Bitcoin Flirting With Danger As BTC Faces Major Resistance Level, Says Trader Jason Pizzino – Here’s His Outlook
    May 16, 2025
  • Google Issues Cybersecurity Alert to US Retailers, Says Hackers Who Paralyzed UK Counterparts Now Targeting American Stores
    May 16, 2025
  • US Senators Make Potential Progress on Stablecoin Bill Amid Partisan Negotiations: Report
    May 16, 2025
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

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

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

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl