The Daily Hodl

2 days ago | dailyhodl.com | Alex Richardson

Bloomberg commodity strategist Mike McGlone says that there’s a chance of a massive correction in US markets that could pummel the price of Bitcoin (BTC), oil and stocks. In a post on the social media platform X, McGlone says the US has a “self-correcting mechanism” that may push back against President Trump’s tariff war, which could create market chaos. The analyst shares a chart suggesting that the S&P 500 vs. GDP ratio and the S&P 500 vs.

3 days ago | dailyhodl.com | Alex Richardson

Investor Tom Lee says that US equities are still in the middle of a bull cycle after completing a normal price correction. In a new video update for investors on Fundstrat’s YouTube channel, the firm’s chief investment officer says he’s confident that the S&P 500 has already printed its low, but he just isn’t sure if a quick V-shaped recovery like 2020 will play out or if a 2011-style consolidation will unfold.

3 days ago | dailyhodl.com | Alex Richardson

The CEO of financial services giant Charles Schwab says the firm is looking into launching a spot crypto trading platform for clients within the next year. In the company’s Q1 earnings call, CEO Rick Wurster says he believes that Charles Schwab is a “great destination” for investors interested in crypto, and there’s an obvious new wave of interest in the asset class.

3 days ago | dailyhodl.com | Alex Richardson

As the stock market extends its losses, Bitcoin (BTC) has reclaimed the $88,000 level while gold has reached yet another all-time high. At time of writing, BTC is trading at $88,193, up 5% in the last seven days, prompting some analysts to point out a potential decoupling from traditional markets. According to crypto data aggregator Coinglass, over $232 million in positions have been liquidated in the last 24 hours, most of them being traders attempting to short BTC.

3 days ago | dailyhodl.com | Alex Richardson

The Bank for International Settlements (BIS) says that the tokenization of real-world assets (RWAs) on blockchains will develop stronger links between crypto and traditional finance (TradFi). In a new paper on the financial stability risks of crypto, BIS analysts say that RWAs – or the tokenization of traditional assets on distributed ledgers – are creating an increased connection between TradFi and decentralized finance (DeFi).