Bitcoin (BTC) could reach $138,555 by the end of 2025, according to a new 21Shares analysis of historical trends and current market signals that shows the world’s largest cryptocurrency gaining strength from macroeconomic uncertainty and on-chain momentum.

The current market cycle resembles 2021, when a major shock — in that case, China’s mining ban — triggered a reset without upending the long-term bullish trend, according to the report. This time around, disillusionment with macro policy and rising global liquidity seem to be playing a similar role. Price action shows resilience, not fear, with bitcoin now trading around $84,400, up from $83,152 earlier this month.

STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto for Advisors Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy .

What’s different now is how bitcoin responds to shocks. Market-wide collapses like Silicon Valley Bank’s failure no longer spark panic selling. Instead, these types of shocks increasingly reinforce the crypto’s role as a hedge against traditional finance risk, 21Shares argued. In countries like Argentina and Turkey, where inflation and currency devaluation persist, bitcoin adoption continues to grow.

Notably, recent crypto-native failures — like the Bybit hack — haven’t shaken investor faith in bitcoin itself. Unlike earlier cycles, the market now seems able to separate failures of centralized actors from the decentralized protocol’s value.

On-chain indicators, including accumulation trends and the behavior of long-term holders, suggest that Bitcoin is in a consolidation phase rather than approaching a top. Meanwhile, growing flows from spot ETFs, improving regulatory clarity and the asset’s integration with traditional finance are adding fuel to the current rally.

Though there’s still a chance of a pullback — possibly down to the 200-day moving average near $77,000 — the broader setup points toward continued growth. The projection of $138,555 would mark a 64% increase from current levels.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Bitcoin (BTC) Eyes $139K by Year-End Amid Macro Resilience and On-Chain Strength: 21Shares

A widely followed crypto analyst believes that Bitcoin’s (BTC) latest breakout is the start of a larger uptrend that will lead to new all-time highs.

In a thread, crypto trader Michaël van de Poppe tells his 784,400 followers on the social media platform X that Bitcoin will likely consolidate for a while in the $90,000 range before continuing higher.

“Solid upwards trend, break $87,000 and we’ll test $92,000-$94,000 for Bitcoin. That’s what we’re seeing right now. This is the area for a short-term top and some consolidation (between $93,500-$95,250). Great signs on the board. It’s very likely that we’ll start the uptrend to an ATH (all-time high).”

Bitcoin is trading for $93,608 at time of writing, up marginally on the day.

Next up, the analyst says that the Ethereum/Bitcoin pair (ETH/BTC) is showing a bullish divergence on the daily chart.

A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows.

“A potential bullish divergence on ETH. On lower timeframes: reclaim within the range against Bitcoin. On the day that gold provides a wick and seems likely to have peaked short-term. As long as it holds ~1,820 sats, I think we’ll attack 2,000 sats in the coming days.”

ETH/BTC is trading for 0.01918 BTC ($1,793) at time of writing, up 1.75% in the last 24 hours.

Follow us on X Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

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

‘Very Likely’ Bitcoin Has Kicked Off Uptrend to New All-Time High, Says Crypto Trader – Here Are His Targets

By Francisco Rodrigues (All times ET unless indicated otherwise)

Bitcoin’s (BTC) status as a haven in the context of broader financial markets may be up for debate, but within crypto it’s hardly questionable. Cryptocurrency prices have fallen across the board over the last 24 hours, yet bets on BTC’s dominance keep growing.

STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy .

The market’s sell-off comes amid profit-taking and conflicting messages from the Trump administration over its trade war with China.

Those comments cooled a rally that started after President Donald Trump signaled he would not remove Federal Reserve Chair Jerome Powell and suggested a softer stance on trade with China. That helped the price of bitcoin to approach $95,000 before it dropped back to $92,200.

The pullback followed comments from Treasury Secretary Scott Bessent, who said there’s no unilateral plan to lift U.S. tariffs on Chinese goods, contradicting Trump’s suggestion that tariff rates could drop in the coming weeks. Investors struggled to interpret the policy direction as Trump also hinted at a “fair deal” with the world's second-largest economy.

The uncertainty revealed a shift toward bitcoin in the crypto space. The broader CoinDesk 20 (CD20) index lost 3.75% of its value over the last 24 hours, compared with BTC’s 2% drop.

Institutional traders’ preference for BTC is shown by a Binance futures contract tracking the cryptocurrency’s dominance. It’s traded at a 76% premium for the one-year forward, indicating traders expect BTC to retain an edge over altcoins in the coming months, according to an emailed statement from Jake O., an OTC trader at Wintermute.

Options trading further illustrates this positioning. Large bets were placed on bitcoin hitting $110,000 by June, according to Jake O., with traders simultaneously selling calls at $140,000 and $170,000 for September and December — a calendar spread that signals short-term optimism and long-term caution.

Similar activity emerged in May $110,000 calls, where growing gamma exposure points to increasing sensitivity in the market to price swings. Still, long-term crypto holders remain unfazed as data shows they keep accumulating.

For now, the markets remain reactive to the signals coming out of Washington, which given their softer stance also led to a gold dropping to $3,350 per ounce from more than $3,500. Stay alert!

What to Watch

Crypto: April 25, 1 p.m.: U.S. Securities and Exchange Commission (SEC) Crypto Task Force Roundtable on "Key Considerations for Crypto Custody". April 28: Enjin Relaychain increases active validator slots to 25 from 15 to enhance decentralization. April 29, 1:05 a.m.: BNB Chain (BNB) — BSC mainnet hardfork. April 30, 9:30 a.m.: ProShares expects its XRP ETF, offering exposure through futures and swap agreements, to begin trading on NYSE Arca. April 30, 10:03 a.m.: Gnosis Chain (GNO), an Ethereum sister chain, will activate the Pectra hard fork on its mainnet at slot 21,405,696, epoch 1,337,856.

Macro Day 4 of 6: World Bank (WB) and the International Monetary Fund (IMF) spring meetings in Washington. April 24, 8:30 a.m.: The U.S. Census Bureau releases March manufactured durable goods orders data. Durable Goods Orders MoM Est. 2% vs. Prev. 0.9% Durable Goods Orders Ex Defense MoM Est. 0.2% vs. Prev. 0.8% Durable Goods Orders Ex Transp MoM Est. 0.2% vs. Prev. 0.7% April 24, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended April 19. Initial Jobless Claims Est. 221K vs. Prev. 215K April 25, 10:00 a.m.: The University of Michigan releases (Final) April U.S. consumer sentiment data. Michigan Consumer Sentiment Est. 50.8 vs. Prev. 57

Earnings (Estimates based on FactSet data) April 29: PayPal Holdings (PYPL), pre-market, $1.16 April 30: Robinhood Markets (HOOD), post-market, $0.33 May 1: Block (XYZ), post-market, $0.97 May 1: Reddit (RDDT), post-market, $0.02 May 1: Riot Platforms (RIOT), post-market, $-0.23

(Estimates based on FactSet data)

Token Events

Governance votes & calls Lido DAO is voting to extend its delegate incentivization program (DIP) through Q4 with a $225,000 LDO budget. Voting ends April 28. Uniswap DAO will vote on establishing a licensing and deployment framework for Uniswap v4 to accelerate its adoption across multiple chains. The proposal grants the Uniswap Foundation a blanket exemption to deploy v4 on any DAO-approved chain and gives the Uniswap Accountability Committee authority to update deployment records. Voting occurs April 24-April 30. April 24, 8 a.m.: Alchemy Pay to host an Ask Me Anything (AMA) session on its 2025 roadmap. April 24, 9 a.m.: IOTA to host an X spaces session on staking, validators and the mainnet launch. April 24, 8 a.m.: Ronin to host a town hall meeting. April 30, 12 p.m.: Helium to host a community call meeting.

Unlocks April 30: Optimism (OP) to unlock 1.89% of its circulating supply worth $23.45 million. May 1: Sui (SUI) to unlock 2.28% of its circulating supply worth $221.99 million. May 1: ZetaChain (ZETA) to unlock 5.67% of its circulating supply worth $11.28 million. May 2: Ethena (ENA) to unlock 0.73% of its circulating supply worth $13.69 million. May 7: Kaspa (KAS) to unlock 0.56% of its circulating supply worth $13.91 million. May 9: Movement (MOVA) to unlock 2.04% of its circulating supply worth $11.33 million.

Token Launches April 24: Initia (INIT) to be listed on Binance, CoinW, WEEX, KuCoin, MEXC and others. May 2: Binance to delist Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB) and Wing Finance (WING). May 5: Sonic (S) to be listed on Kraken.



Conferences:

CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes.

Token Talk

By Shaurya Malwa

Infrared, a liquid staking platform on Berachain, late Wednesday introduced a points program to reward users before its token debuts in the third quarter.

Points have no fixed supply and are earned through activities like staking or providing liquidity.

Users earn points by contributing to Infrared’s liquidity vaults, providing liquidity on exchanges like Kodiak and BEX, or staking iBGT and iBERA tokens. Longer participation increases points.

Infrared leads Berachain’s ecosystem with $1.5 billion in total value locked.

The program includes retroactive rewards since Infrared’s February launch, and will run for about three months. Users can track points in real time on a dashboard, with additional rewards through partners like Pendle. Points will convert to Infrared’s native token at a ratio to be announced closer to the token launch.



Derivatives Positioning

Notional open interest in bitcoin CME options has climbed to $5 billion, the most since November.

Open interest in the CME futures has bounced to over $12 billion, but remains well below the December peak of $22.7 billion, pointing to persistent caution.

BTC CME futures basis suggests the same, still hovering under an annualized 10%.

On offshore exchanges, open interest in perpetual futures exchanges has dropped with the overnight BTC price pullback. This suggests the weakness is likely led by profit-taking rather than an influx of fresh shorts.

In altcoins, NEAR, UNI and PEPE futures have seen the most increase in open interest in the past 24 hours.

On Deribit, BTC, ETH skews continue to show a bias for calls across time frames. Traders are increasingly selling cash-secured put options tied to BTC, Lin Chen, Deribit's business development head told CoinDesk.

Market Movements:

BTC is down 1.36% from 4 p.m. ET Wednesday at $92,411.92 (24hrs: -1.76%)

ETH is down 2.94% at $1,743.77 (24hrs: -2.66%)

CoinDesk 20 is down 2.21% at 2,669.87 (24hrs: -3.02%)

Ether CESR Composite Staking Rate is up 10 bps at 3.125%

BTC funding rate is at 0.0069% (7.5873% annualized) on Binance

DXY is down 0.45% at 99.40

Gold is up 2.19% at $3,347.90/oz

Silver is down 0.57% at $33.33/oz

Nikkei 225 closed +0.49% at 35,039.15

Hang Seng closed -0.74% at 21,909.76

FTSE is down 0.3% at 8,378.12

Euro Stoxx 50 is down 0.74% at 5,060.91

DJIA closed on Wednesday +1.07% at 39,606.57

S&P 500 closed +1.67% at 5,375.86

Nasdaq closed +2.5% at 16,708.05

S&P/TSX Composite Index closed +0.69% at 24,472.70

S&P 40 Latin America closed +1.28% at 2,475.90

U.S. 10-year Treasury rate is down 4 bps at 4.35%

E-mini S&P 500 futures are down 0.62% at 5,368.00

E-mini Nasdaq-100 futures are down 0.86% at 18,642.25

E-mini Dow Jones Industrial Average Index futures are down 0.68% at 39,503.00

Bitcoin Stats:

BTC Dominance: 64.56 (0.22%)

Ethereum to bitcoin ratio: 0.01884 (-1.72%)

Hashrate (seven-day moving average): 823 EH/s

Hashprice (spot): $48.61

Total Fees: 11.29 BTC / $1,042,496

CME Futures Open Interest: 140,610 BTC

BTC priced in gold: 27.8 oz

BTC vs gold market cap: 7.92%

Technical Analysis

XRP's daily chart. (TradingView/CoinDesk)

The chart shows XRP, currently at $2.15, remains stuck in a downtrend that began in January.

The Ichimoku cloud is capping the upside, threatening to derail the recovery rally seen since April 7.

The immediate support is at $2, followed by the month's lows near $1.60.

On the higher side, the cloud and the descending trendline are levels to beat for the bulls.

Crypto Equities

Strategy (MSTR): closed on Wednesday at $345.73 (+0.79%), down 1.85% at $339.33 in pre-market

Coinbase Global (COIN): closed at $194.80 (+2.53%), down 1.53% at $191.82

Galaxy Digital Holdings (GLXY): closed at C$18.73 (+2.86%)

MARA Holdings (MARA): closed at $14.13 (+0.5%), down 2.55% at $13.77

Riot Platforms (RIOT): closed at $7.50 (+5.34%), down 2.4% at $7.32

Core Scientific (CORZ): closed at $7.12 (+2.89%), down 1.12% at $7.04

CleanSpark (CLSK): closed at $8.87 (+1.14%), down 1.92% at $8.70

CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $13.51 (+3.13%), down 2.59% at $13.16

Semler Scientific (SMLR): closed at $34.28 (+3%), down 1.6% at $33.73

Exodus Movement (EXOD): closed at $44.09 (+12.5%), up 0.7% at $44.40



ETF Flows

Spot BTC ETFs:

Daily net flow: $917 million

Cumulative net flows: $37.68 billion

Total BTC holdings ~ 1.13 million

Spot ETH ETFs

Daily net flow: -$23.9 million

Cumulative net flows: $2.25 billion

Total ETH holdings ~ 3.33 million

Source: Farside Investors

Overnight Flows

Chart of the Day

Distribution of open interest in Deribit's ETH options. (Amberdata)

The chart shows the dollar value of the number of active or open ether options contracts on Deribit.

The $2,000 strike call is the most popular bet, with an open interest of over $260 million.

Strikes with large open interest often act as magnets, meaning ether could rise to $2,000 in the coming days.

While You Were Sleeping

In the Ether

Crypto Daybook Americas: BTC Dominance Underlines Haven Status as Tariff Turmoil Hits Market

Real Vision’s chief crypto analyst Jamie Coutts believes one catalyst could catapult Bitcoin (BTC) to nearly double its price in months.

Coutts says the total global liquidity has reached a new all-time high level of just under $140 trillion after a decades-long period of contraction.

According to Coutts, global liquidity is what has “historically fueled explosive asset price rallies.”

Real Vision’s chief crypto analyst says the total global liquidity is set to continue climbing and this could trigger an increase of around 98% in the price of Bitcoin.

“With central banks clearly behind the curve, we could see global liquidity rise by approximately 10% or $13 trillion over the next 12 months. This would equate to $186,000 BTC using a blended regression model.

Those who held steady and accumulated during recent market turbulence should be better for it in what comes next.”

Bitcoin is trading at $93,772 at time of writing.

The crypto analyst further says that Bitcoin’s volatility levels are moving in an inversely correlated manner relative to traditional assets.

“It has been patently clear to me since 2022 that while Bitcoin’s volatility is decreasing, what is more striking is that traditional assets are becoming more volatile. Volatility isn’t the enemy, by the way, provided you’re being compensated by higher returns.

That is not the case for Bonds and Equities relative to Bitcoin. And this has massive implications for asset allocation and portfolio construction going forward.”

According to Coutts’ chart, based on data from the last four months, Bitcoin has recorded a volatility-normalized return of -7.12 compared to the S&P 500 index’s -45.08. The volatility-normalized return is a performance metric that compares the return on investment of an asset to its volatility – the higher the figure, the better the risk-adjusted return.

Since 2022, Bitcoin has recorded a volatility-normalized return of 131.89 compared to the S&P 500 index’s -37.37.

Follow us on X Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

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

Catalyst That Historically Fuels Explosive Rallies Could Send Bitcoin Surging to $186,000, Says Jamie Coutts

A crypto strategist who nailed Bitcoin’s 2021 market meltdown believes BTC remains on track to print new all-time highs this year.

Pseudonymous analyst Dave the Wave tells his 150,500 followers on the social media platform X that Bitcoin may soar to more than $200,000 by the end of the year based on his logarithmic growth curve (LGC).

Dave the Wave shares a chart that shows BTC has been out of the “buy zone” of his LGC since it was last trading around $40,000.

The LGC aims to forecast Bitcoin’s market cycle highs and lows while filtering out short-term volatility.

“Chart from when BTC was well below half the current price and in the LGC buy zone. Price on track.”

The analyst says Bitcoin’s latest rally reclaiming the $90,000 range further validates his price prediction.

“Bang on target.”

He also shares a chart suggesting Bitcoin remains in an ascending channel within the LGC.

“BTC chugging away like clockwork – market maturity.”

Lastly, the analyst notes that the weekly logarithmic moving average convergence divergence (LMACD) indicator is still above the zero line, which has historically acted as support for BTC.

The LMACD indicator is designed to signal changes in an asset’s trend, strength and momentum. Typically, an asset is seen as bullish once it crosses the LMACD zero line.

“Reminder: BTC weekly MACD has not been in bear territory, below the zero line, since early 2023.”

Bitcoin is trading for $92,651 at time of writing, up 2.2% in the last 24 hours.

Follow us on X Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

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

Bitcoin on Track for Massive End-of-Year Fireworks, According to Trader Who Called 2021 Market Collapse

Major tokens fell as much as 5% on Thursday as traders took profits on a steady move higher from earlier this week, with memecoin dogecoin (DOGE) leading losses among the largest assets.

Bitcoin (BTC) clung to the $93,000 zone in the past 24 hours, but XRP, Solana’s SOL, BNB Chain’s BNB and DOGE showed losses above 2%. Ether (ETH) fared relatively better with a 1.5% slump.

STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto for Advisors Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy .

Overall market cap decreased 2.5%. The broad-based CoinDesk 20, a liquid index tracking the largest tokens by market cap, fell over 3%.

Spot bitcoin exchange-traded funds (ETFs) in the U.S. bagged over $916 million in inflows on Wednesday. Some traders point to the asset’s growing safe haven as a catalyst underpinning this surge in flows.

“The inflows are driven by a declining U.S. dollar index, and Bitcoin’s growing safe-haven appeal amid equity market volatility,” Vugar Usi Zade, COO at Bitget, told CoinDesk in an email. “The massive ETF inflows reflect Bitcoin’s strengthening position as a leading crypto asset, with growing institutional adoption.

“Its reduced correlation with equities and safe-haven narrative position it as a diversification tool, though short-term challenges like weak investment signals require sustained macro catalysts,”

Bitcoin’s safe-haven narrative has been growing in the past week on its relevant resilience, mirroring gold’s price rise, even as bond yields and U.S. equities corrected amid the ongoing tariff wars.

Earlier this week, President Donald Trump said he had no intention to fire Federal Reserve Chair Powell and that a deal with China (which is facing tariffs as high as 245% on some items) would significantly reduce some of its levies.

The mixed signals and frequent tone shift are jading traders, however, who continue to monitor comments for further cues on positioning.

“Macro risks remain, but one critical overhang appears to be cleared. Trump is signaling no intention to replace Fed Chair Powell for now. The reassurance has prompted a modest pullback in long-end yields, helping reduce a key tail risk,” Singapore-based QCP Capital said in a broadcast message Thursday.

“The broader outlook, however, is anything but simple. Trade frictions, geopolitical jitters, and regulatory opacity continue to cast long shadows,” the firm added.

DOGE, BTC, ETH, XRP and Other Crypto Majors Slump as Market ‘Shadows’ Persist

Crypto firms are now waiting to hear back on 72 active applications for new crypto-related exchange-traded funds (ETFs).

James Seyffart, an ETF analyst at Bloomberg Intelligence, compiled the list of submissions to the U.S. Securities and Exchange Commission (SEC).

ETFs awaiting approval include funds tied to Solana (SOL), XRP (XRP), Sui (SUI), Litecoin (LTC), Axelar (AXL) Hedera (HBAR), BNB, Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Polkadot (DOT), Aptos (APT), Chainlink (LINK), Pudgy Penguins (PENGU), Official Trump (TRUMP), Melania (MELANIA) and Bonk (BONK).

Other potential new ETFs are tied to a basket of currencies, and a few are based on Bitcoin (BTC) and/or Ethereum (ETH), assets that have already been approved for inclusion in other spot ETFs.

Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, predicts that BTC ETFs will remain dominant regardless of the number of altcoin funds that are approved.

“No Second Best? Bitcoin ETFs command 90% of all the crypto fund assets globally. While a TON of alt/meme coin ETFs are likely going to hit market this year, they will only make a minor dent, Bitcoin likely to retain at least 80-85% share long-term.”

The SEC greenlit the first spot market Bitcoin ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap, and the regulator subsequently approved Ethereum ETFs for trading last July.

Follow us on X Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

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/Don White – Art Dreamer/Vladimir Sazonov

XRP, Solana, DOGE and Others Among 72 Different ETF Applications Waiting for SEC Approval: Report

NEW YORK, March 3, 2025 /PRNewswire/ -- The U.S. digital asset market reached a pivotal milestone with President Trump's announcement of a proposed U.S. Crypto Strategic Reserve, which includes the same assets tracked by the CoinDesk Large Cap Select Index ("CoinDesk 5"). The President's support reinforces growing U.S. institutional adoption of digital assets, providing a clear signal to markets that regulatory standards and investment infrastructure are maturing.

"The assets proposed for the President's Crypto Reserve mirror the constituents of the CoinDesk 5, highlighting CoinDesk Indices' position as the industry standard for digital asset benchmarks, " said Alan Campbell, President of CoinDesk Indices. "This development strengthens confidence in diversified digital asset investment products and aligns with the broader trend of accelerating market adoption we're seeing."

With approximately $750 million in assets linked to the CoinDesk 5, the index has established itself as a trusted benchmark for investment products tracking the largest digital assets by market capitalization and liquidity. Financial institutions leveraging the index include Grayscale Investments , whose large cap fund was launched in February 2018. Other linked-products include Luno Large Cap Bundle , Lyons CoinDesk Large Cap Select Index SMA and BitGo Platform for Wealth Management .

Grayscale operates a publicly-traded investment vehicle in the US that holds the identical assets included in the recently announced U.S. Crypto Strategic Reserve. "Grayscale's Digital Large Cap Fund is an index fund that has been operating for over 7 years with the support of the CoinDesk Index team, currently trades under ticker GDLC, and was most recently priced at a discount of over 10% compared to the fair value of its holdings, Bitcoin, Ethereum, XRP, Solana and Cardano," said Peter Mintzberg, CEO, Grayscale.

Beyond the CoinDesk 5, investors seeking broader market exposure are increasingly turning to the CoinDesk 20 Index , the most traded diversified digital asset benchmark globally, with nearly $14 billion in accumulated futures and options volume. CoinDesk 20 serves as a high-liquidity reference point for institutional investors managing digital asset portfolios and is available through over a dozen investment vehicles globally.

"As digital assets integrate further into the global financial system, we anticipate increased demand for risk management and hedging tools," added Campbell. "The U.S. administration's embrace of crypto signals the normalization of digital assets within mainstream financial markets, bringing them closer to traditional asset classes."

For more information on the index visit our website .

About CoinDesk Indices

Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish Group, our indices form the foundation of the world's largest digital asset products. CoinDesk Indices is regulated in the UK by the Financial Conduct Authority and offers products across multi-asset indices, reference rates, and strategies. Flagships such as the CoinDesk Bitcoin Price Index and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner.

Disclaimer

CoinDesk is a portfolio company of the Bullish Group. CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, "CoinDesk Indices"), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CoinDesk Indices is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CoinDesk Indices index. CoinDesk Indices does not act as a fiduciary. A decision to invest in any asset linked to a CoinDesk Indices index should not be made in reliance on any of the statements set forth in this document or elsewhere by CoinDesk Indices. All content displayed here or otherwise used in connection with any CoinDesk Indices index (the "Content") is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CoinDesk Indices. CoinDesk Indices does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CoinDesk Indices is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CoinDesk Indices does not assume any obligation to update the Content following publication in any form or format. © 2025 CoinDesk Indices, Inc. All rights reserved.

SOURCE CoinDesk Indices

President Trump Proposes CoinDesk Large Cap Select Index ("CoinDesk 5") Components for U.S. Crypto Strategic Reserve

London, Tuesday 11 March 2025 | Fasanara Digital, the $275M AuM* crypto division of alternative credit specialist Fasanara Capital ($4.5B AuM**) has launched a multi-strategy platform, which went live on Saturday 1 March with an initial $36m under management.

The Managed Account Platform (MAP) is currently allocated across 20 specialised investment pods, with additional managers in due diligence. To support its expansion, Fasanara Digital is actively growing its team, onboarding dedicated professionals to scale MAP’s operations.

Founded in 2018, Fasanara Digital is led by three founding partners, Nikita Fadeev, Alessandro Balata and Louis Stewart.

“As digital asset markets become larger and more complex, investing in this asset class becomes an increasingly attention-intensive process— one that most investors lack the bandwidth to navigate effectively,” said Alessandro Balata, Partner at Fasanara Digital.

“The timely introduction of our multi-manager, multi-strategy offering combines our deep experience in managing risk and ability to harness niche opportunities in crypto markets. By providing access to uncorrelated alpha streams and managers typically inaccessible to sophisticated investors, we believe MAP reinforces our mission to consistently deliver a competitive edge for our partners.”

Fasanara Digital is the latest digital asset manager to adopt the CoinDesk 20 Index (CD20) as a benchmark for evaluating returns.

“The CoinDesk 20 was designed to meet institutional investors’ growing demand to benchmark, invest and trade in the digital asset landscape,” said Alan Campbell, President of CoinDesk Indices. “We’re thrilled Fasanara Digital has adopted CoinDesk 20 as their benchmark.”

Disclaimer: This communication is provided for informational purposes only. It does not constitute an offer or solicitation to invest in any product or strategy managed by Fasanara Digital.

* Fasanara Digital AUM true as of 1 March 2025. ** Fasanara Capital AUM true as of 1 March 2025.

Fasanara Digital debuts multi-strategy, multi-manager offering with $36M AuM

Payments giant PayPal is reportedly going to start offering customers yield on its proprietary stablecoin product.

According to a new report by Bloomberg, PayPay is planning on offering rewards to users of their stablecoin PayPal USD (PYUSD) as a means of increasing its usage.

The report says that the program is expected to launch sometime during the summer, though no specific date was mentioned, and would allow users of both PayPal and Venmo to earn 3.7% annually on PYUSD holdings in their crypto wallets.

The rewards – which accrue on a daily basis and get paid out monthly – will be paid in PYUSD which customers can then either convert to fiat currency, use for payments, or send to other users.

Jose Fernandez da Ponte, PayPal’s senior vice president and general manager of blockchain, crypto and digital currencies, told Bloomberg in an interview that the goal of the company is to incentivize use of stablecoins as a form of payment on its platform.

“We see stablecoins as building the next generation of payment rails but we are aware that is something that takes time. We are halfway [through] a 10-year journey.”

PYUSD launched in 2023 in collaboration with stablecoins issuer Paxos, which says that the token’s reserves are 100% held in US dollar deposits that are available for 1:1 redemption.

Follow us on X Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

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

PayPal To Begin Offering Yield on PYUSD To Boost Stablecoin Use: Report

Bitcoin (BTC) став п'ятий за величиною актив за ринковою капіталізацією, досягнувши 1,86 трильйона доларів і випередивши Google (GOOG), досягнувши 94 000 доларів.

Це є найвищою позицією, яку Bitcoin коли-небудь досягав у рейтингу, хоча раніше його ринкова капіталізація перевищувала 2 трильйони доларів, коли його ціна перевищувала 109 000 доларів. Однак у той час акції технологічних компаній були значно більшими, ніж зараз.

Продовження Нижче Не пропустіть жодної історії. Підпишіться на розсилку Crypto Long & Short вже сьогодні . Переглянути Всі Розсилки Підписатися Підписуючись, ви отримуватимете листи про продукти CoinDesk та погоджуєтесь з нашими умови використання та політика конфіденційності .

Bitcoin щойно перевищив 94 000 доларів, ставши позитивним за рік. Відновлений Optimism з’являється на тлі ослаблення напруженості в тарифній війні між США та Китаєм, яка сприяла зростанню як Bitcoin , так і технологічних акцій, а ф’ючерси Nasdaq зросли на 2%.

Технічно Bitcoin зараз піднявся вище ключові рівні опору які були відзначені у вівторок. Крім того, він встановив новий рекорд щодо Nasdaq, що вказує на прорив не лише відносно основних технологічних Індекси , але й низки ключових класів активів.

BTC піднявся на п’ятий найбільший актив у світі, перевищивши ринкову капіталізацію Google

A closely followed analyst believes that gold’s bull market has entered a stage where the precious metal could go higher for longer.

Pseudonymous analyst Dave the Wave tells his 149,500 followers on the social media platform X that gold is at a point in its parabolic rally where the precious metal could easily print 2x gains.

The trader shares a chart suggesting that gold’s parabolic surge began in 2016 and could extend up to 2028 to hit a massive price target of $7,500.

“Gold entering its parabolic blow-off stage…”

At time of writing, gold is worth $3,341.

Turning to Bitcoin, the analyst thinks that BTC is following in the bullish footsteps of gold after the crypto king took out resistance at $90,000.

“BTC is showing strength in uncertain markets due to its function as digital gold, in my opinion.”

At time of writing, Bitcoin is trading for $93,559, up over 7% in the last 24 hours.

Other market analysts are also bullish on gold and Bitcoin. Adam Kobeissi, the founder and editor-in-chief of The Kobeissi Letter, says that both BTC and gold are surging higher as market participants rush to seek shelter in safe-haven assets.

“Gold and Bitcoin are now aligning for the first time in months.

Since April 7th, Gold is up over 15% while Bitcoin is up over 12%.

Why is this happening?

Markets are pricing-in US Dollar weakness and more instability.

Bonds are no longer a preferred safe haven.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

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

Analyst Unveils Massive Upside Price Target for Gold, Says Precious Metal Entering Parabolic Blow-Off Phase

A top Coinbase executive says that investors who missed out on gold’s massive rally may start flooding into Bitcoin (BTC).

In a new interview on CNBC Squawk Box, John D’Agostino, Coinbase’s head of institutional strategy, says Bitcoin is an attractive asset for investors looking for a gold alternative as a hedge against inflation.

“I spoke to a couple of traders who said if you believe these conditions, these de-dollarization conditions are going to persist, you’re looking at gold obviously first and foremost. But maybe you missed out on that trade. You’re looking at that rally and saying I missed the boat on that. So what other assets could participate in that market panic long-term inflation hedge?

When you do the work, there’s a very short list of assets that mirror the characteristics of gold. Bitcoin is on that short list. In addition to the four characteristics I mentioned [scarcity, immutability, non-sovereign asset, portability], it’s mining scarcity, it’s mining difficulty gets harder over time.”

He also says that investor analysis shows Bitcoin is a top-performing asset during market turmoil and inflationary conditions.

“I know a couple of the best commodity traders in the world, and five, six years ago they thought inflation was going to persist and be an issue. And there’s no perfect inflation hedge. We all know that. Because nothing’s perfect. So they created a basket. So they looked at hundreds of different assets and said what’s the best possible basket of commodities, real estate holdings, US Treasuries, what does that look like over the next 10 years to be the better inflation hedge just holding a single asset. In every single one of their analysis, Bitcoin was top five. So, again, nothing’s perfect, but as a basket for to protect against market panic and inflation hedge Bitcoin and gold go side-by-side.”

Bitcoin is trading for $93,146 at time of writing, up 2.6% in the last 24 hours.

Follow us on X Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

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.

Bitcoin (BTC) Eyes $139K by Year-End Amid Macro Resilience and On-Chain Strength: 21Shares

Related Post

Follow Us: