A popular crypto analyst thinks that Bitcoin (BTC) and stocks may skyrocket if one event occurs.

In a new YouTube video, Jason Pizzino tells his 353,000 subscribers that if the S&P 500 (SPX) breaks out past a key resistance level, it may trigger FOMO (fear of missing out), driving Bitcoin and stocks even higher as people with cash on the sidelines rush in.

“If the S&P is able to break out of this zone, break past the logarithmic resistance that spans back from the peak of 2007 – and 2009 being that low – I think we could go on a pretty significant run to the upside. And I could even say it’s severe for the bears or anyone sitting on the sideline with too much cash… Institutions, retail, no matter who it is… if they have too much still sitting on the sidelines, I think that’s where the FOMO would really kick in if we’re able to break out of this high that’s just been put in at around 6,400 points on the S&P 500.”

Pizzino also shares a weekly chart showing Bitcoin’s historical price correlation with the S&P 500, suggesting the flagship crypto asset will likely print new all-time highs if the SPX logarithmic resistance level is breached.

“If that occurs, Bitcoin’s price … would probably follow suit into that period.”

As of Monday’s close, the SPX is trading for 6,329. Meanwhile, Bitcoin is trading for $115,026 at time of writing, up marginally in the last 24 hours.

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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.

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Bitcoin

Analysts said it cooled during US trading hours on Monday after reaching $123,000 early in the session.

BTC fell below $120,000 late in the US day, draining most of its advance overnight, but retaining a modest 0.6% increase in the last 24 hours. Ethereum’s Ether {{eth}} $3,000 back down during Dogecoin

There is Cardano {{ada}} and Stellar’s XLM {{xlm}} That day there was a decrease of about 2% to 3%.

Among the majors, XRP

sui and uniswap’s uni {{uni}} They outperformed with profits of 2.5%, 10% and 6% respectively.

Crypto-linked stocks traced some of the morning profits along with strategy (MSTR) And the Galaxy (glxy) Coinbase, even higher 3% to 4% (coin) 1.5%

After BTC surges by more than 10% in under a week and some Altcoins have made even more progress, prices could be consolidated as some traders digest the movement and realize profits.

Still, this foot of crypto rallies is more likely than it would ultimately be early on, says Jeff Dorman, CIO at digital asset investment firm Arca.

In Monday’s Investor Notes, he cited Crypto analyst Clemente’s observations on previous major tops, such as the Bitcoin ETF-related peaks in March 2024 and the December 2024 Frenzy surrounding the Trump election/inauguration ceremony in December 2024.

“The current rally is not nearby,” Dorman said.

Volumes for both centralized and decentralized exchanges rose 23% a week, but are not yet close to levels at other broad market rallies in the past, Dorman added.

According to Eric Demuth, CEO of Europe-based Crypto Exchange Bitpanda, the big picture shows that Bitcoin is being driven higher by investors seeking shelter from excessive sovereign debt and financial inflation.

He said the BTC has risen to 200,000 euros. ($233,000)“It’s certainly a possibility,” but the underlying adoption of assets is more important than price targets.

“What happens when Bitcoin is permanently incorporated into the major investors’ portfolios, the reserves of sovereign states and the infrastructure of global banks?” he said. “That’s exactly what’s happening right now.”

In the next year, Dermas hopes that Bitcoin’s market capitalization will gradually converge on gold, currently more than $22 trillion, nine times larger than BTC.

Tesla (TSLA 8.19%) and its CEO Elon Musk recently achieved a big milestone — they launched the company’s first self-driving robotaxis for paying customers in Austin, Texas. It’s an initiative that Musk first discussed in 2016. While it looks more like a soft launch, it’s still a big step for Tesla, which plans to launch a fully autonomous robotaxi fleet. Many investors think that could be a massive new business for the company that will justify Tesla’s monster valuation.

Still, Tesla has a lot going on right now. Remember, the company’s core business is still electric vehicles (EVs), and that business is facing a critical event in just a few weeks’ time.

Q2 EV Deliveries to soon be announced

Tesla is expected to announce its second-quarter EV delivery figures in the first week of July. As many investors likely recall, first-quarter deliveries came in at roughly 337,000, its lowest quarterly number in over two years. Many investors have been concerned that Musk’s close ties to President Donald Trump and his period of leading Trump’s Department of Government Efficiency (DOGE) have alienated a significant portion of Tesla’s potential customer base.

Image source: Getty Images.

While Musk has stepped down from his work with DOGE to refocus on his businesses, data thus far on Tesla’s sales in the second quarter has been less than encouraging. Monthly sales data from Europe showed that Tesla’s sales once again faltered in April in countries including the United Kingdom, the Netherlands, Denmark, Portugal, Sweden, and France.

Other data suggests that its sales in China have struggled in the second quarter as well. Aside from politics and brand image, Tesla may also be struggling there as a result of increasing competition from competitors like BYD, which has grabbed a dominant market share in China. BYD’s EVs are cheaper and its newest tech can charge faster than Tesla’s. These factors, in my opinion, will pose a bigger problem for Tesla than its brand or political issues, which are likely to fade over time.

Wall Street analysts are modeling for second-quarter deliveries of roughly 400,000, which would be an improvement from the first quarter, but a 10% year-over-year decline. However, some analysts don’t expect investors to care much if Tesla misses estimates.

“The Tesla narrative has increasingly turned to AV/Robotaxi, with investors likely more focused on the planned June 22 Robotaxi launch and Tesla’s path to scaling AV than on 2Q deliveries/overall fundamentals,” wrote Barclays analyst Dan Levy in a recent research note. Levy is modeling for 375,000 Tesla EV deliveries in the second quarter.

Other analysts are more concerned.

In early June, Wells Fargo analyst Colin Langan posted a research note suggesting Tesla’s deliveries in the second quarter were down 21% year-over-year on a quarter-to-date basis. Langan has a sell rating on the stock and a price target that implies a downside of more than 60%.

It’s also worth noting that Tesla has become a battleground stock, with some analysts extremely negative and others like Wedbush’s Dan Ives very bullish.

Will anyone care if Tesla disappoints?

At this point, there have been many negative headlines about Tesla’s EV deliveries in the second quarter, but the stock is up close to 24% quarter to date as of June 20.

As Levy mentioned, most Tesla shareholders at this point appear to be focused on future initiatives like robotaxis and Optimus humanoid robots. If Tesla does underperform on EV deliveries, I think it could suggest that the core EV business has a real problem and is being undermined by more than just Musk’s politics, which would present a fundamental problem for the EV business.

The stock may not fall much, but then investors will be heavily dependent on the performance of the robotaxi fleet, and reliant upon the Optimus robot business to scale up quickly as well. With Tesla trading at 168 times forward earnings, that bet is only becoming riskier for investors.

Best-selling author Robert Kiyosaki says we’re approaching the biggest crash on record, driven by an onslaught of out-of-control inflation.

In a new thread on the social media platform X, the Rich Dad Poor Dad Author tells his 2.7 million followers that 2025 will bring the greatest economic crash of all time due to several factors, such as rampant inflation and artificial intelligence (AI) taking over jobs.

According to Kiyosaki, the way to survive during such perilous times would be to stack gold, silver and Bitcoin (BTC).

“The biggest crash in history is upon the world now…..2025. Millions are losing their jobs due to AI. Inflation is stealing the retirements of millions of baby boomers. Please be aware of the millions of ‘false prophets’ on YouTube and in our schools.

The idea of going to school to find a safe, secure job is for losers. My solution remains the same. Choose your teachers wisely, on YouTube, and save gold, silver, and Bitcoin. Please take care. 2025 is the year representing the biggest change in world financial history.

Be a winner. Not a highly educated loser, looking for job security with thousands in student loan debt.”

Kiyosaki goes on to note that investors shouldn’t be worried about the price of gold, silver, or BTC and instead should just focus on the quantity they have.

“Poor people focus on price. Rich people on quantity. I do not care much about the spot price of gold or silver. I do care about how many ounces of gold and silver I control. The same with Bitcoin. While I watch the price of Bitcoin, I focus on how many Bitcoin I own.

I started buying Bitcoin at $6,000. I bought all I could. I wish I had more fake money to buy more Bitcoin. In 2030 the probability is Bitcoin will be $1 million a coin. While price is important…. the rich will still be those with the most Bitcoin.

How many ounces of gold and silver and Bitcoin do you own? The quantity you own is more important for your future than the prices.”

BTC is trading for $101,874 at time of writing.

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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.

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The US Securities and Exchange Commission (SEC) has officially launched a review of the WisdomTree XRP Trust, a Spot Exchange-Traded Fund (ETF), which provides investors with exposure to XRP XRP.

Submitted by CBOE BZX Exchange, the application marks the first formal SEC review of the US-based Spot XRP ETF. If approved, it will be the first spot XRP ETF in the US. This is a milestone that allows for the door to similar products across other crypto assets.

This product tracks the market price of XRP via CME CF Ripple-Dollar reference rates, allowing investors to acquire XRP exposures through traditional securities accounts, avoiding the need for private keys and independence.

The SEC has published notifications based on release No. 34-103124 and has begun a more thorough evaluation of the application. The committee currently has a maximum of 240 days to approve or reject submissions.

In the meantime, agents are seeking public comment on whether ETF designs will adequately address concerns related to market manipulation and investor protection.

Meanwhile, in a letter filed this week to the SEC’s Crypto Taskforce, Ripple’s Chief Legal Officer Stuart Aldeoty repeatedly stated that XRP should not be treated as its own security.

“The rules must be clear not only to issuers, but to all market participants who can unconsciously classify as stock exchanges, brokers, dealers, or issuers,” writes Aldety, adding that excessive reliance on vague terms such as “fully functional” and “branching” leads to more confusion in regulations than clarity.

HYPE is showing renewed strength as it pushes into higher levels, riding the wave of a broader market breakout. With Bitcoin surging above $104,000 and Ethereum reclaiming the $2,500 mark, the crypto landscape is rapidly shifting back into a bullish phase. Altcoins are waking up across the board, and HYPE is quickly emerging as one of the standouts.

Related Reading

After a brief pullback, HYPE has bounced strongly off the $17.5 level—an important throwback zone that is now acting as support. The asset is regaining momentum and approaching local highs, signaling strong buyer interest and potential for further continuation. Crypto analyst Cheds shared a technical breakdown confirming this setup, noting that HYPE is displaying clean strength off its recent retrace and could be gearing up for a significant breakout if market conditions hold.

As sentiment turns bullish and liquidity rotates into high-potential altcoins, HYPE is well-positioned to benefit from the renewed energy in the market. With price structure improving and key levels being reclaimed, the coming days may be critical in defining whether this move evolves into a sustained uptrend. Traders are now watching closely for follow-through as HYPE approaches its next resistance zone.

HYPE Bulls Target January Highs

HYPE is facing a decisive moment as price action pushes into a key supply zone near the January highs around $28. After bouncing strongly from the $17.5 throwback level, the asset has regained bullish momentum and now approaches one of the most important technical levels on its chart. This zone served as a rejection point earlier in the year, and bulls must now prove they have the strength to flip it into support.

Cheds shared insights confirming the shift in momentum, noting that HYPE is showing clear strength off the $17.5 level—an area that has now acted as a successful retest following the asset’s initial breakout. The strong rebound suggests that market participants are accumulating, and momentum is beginning to build as the broader crypto market turns bullish.

Across the board, sentiment is improving. HYPE is now participating in that resurgence, but faces its biggest test yet. If bulls can reclaim the $28 level with conviction, the path toward new all-time highs opens up. However, if this level holds prices again, another period of consolidation may follow.

The weekend rally has pushed markets into critical zones, and HYPE’s ability to sustain upward pressure through this resistance will be closely watched. A breakout above $28 would not only mark a technical victory but also likely accelerate interest and volume across the board. For now, bulls remain in control, but the next move will determine whether HYPE enters true price discovery or pauses just below the highs once more.

Related Reading

HYPE Approaches Resistance With Momentum As Bulls Eye Breakout

The 4-hour chart for HYPE shows strong bullish momentum, with price currently trading at $25.29 after tapping a local high near $25.57. The rally has been steady and clean, bouncing consistently off the 200 EMA and SMA, now well below the current price, confirming a clear uptrend structure.

HYPE is now pressing into a key resistance zone between $26 and $28, a level that previously acted as supply back in January. This area represents a major test for bulls, as it aligns with the upper boundary of a multi-month range. Volume is healthy, and the trend remains intact with higher highs and higher lows across multiple timeframes.

If HYPE can break and hold above $28, it opens the door for a challenge of the all-time highs. For now, the price may consolidate slightly below resistance as sellers defend this zone, but the overall structure favors a breakout continuation.

Related Reading

A throwback to the $23–$24 region could act as a healthy retest, but holding above $22 is key to preserving bullish momentum. As long as the trend and volume remain intact, HYPE appears poised for further upside in the coming days.

Featured image from Dall-E, chart from TradingView

Strike CEO Jack Mallers says that gold and Bitcoin (BTC) will be useful assets to hold during an imminent reordering of the global financial and geopolitical landscape.

In a new interview with independent journalist David Lin, Mallers says that the US has been running unsustainable trade deficits for far too long and is slowly running out of demand for its debt.

Moving forward, Mallers says global markets will likely witness a realignment and a “trade flow reordering” – one in which scarce and fixed-supply assets like BTC and gold shine.

“The reality is this is not a very sustainable practice. Printing pieces of paper out of thin air in exchange for real goods and services is not a relationship that is to be sustained. It actually was a reaction to a decimating World War, and so what I think we’re living through is the unwind of that.

When you see President Trump say things like ‘we need to fix our deficits, we need to bring back the middle class, we need to bring back the manufacturing class, we need to be able to produce our own stuff, it’s because there is a global trade imbalance happening where China is running a trade surplus of something to the tune of a trllion dollars a year, and the US, given this economic alignment globally, has racked up over $35 trillion worth of debt. 

And there are no marginal lenders to the United States anymore, we’re on the brink of a sovereign debt crisis.

And so I think there’s a lot of volatility and a lot of trade flow reordering that we’re living through today, and investors trying to predict when these things are liquidity positive and liquidity negative, how the volatility is going to impact certain structural markets, it’s a very dangerous game to play.

I think investors were probably caught offside for the first three months of Trump’s inauguration because he’s been so pro-business, so pro-growth, so pro-deregulation, that they probably got ahead of their skis. But now we’re starting to really understand how the world needs to realign, the impacts of that, and just the true power that a fixed-supply asset like a gold or a Bitcoin can have in a portfolio.”

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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.

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New data from the market intelligence firm Glassnode suggests that Bitcoin (BTC) could be nearing an early bear market.

In a new thread on the social media platform X, Glassnode says that the crypto king is flashing signs that historically predate its entering into a bearish phase.

According to the crypto analytics platform, short-term holders hanging on to unrealized losses relative to BTC’s current price are analogous to the early bear market conditions present during Bitcoin’s previous cycles.

“Bitcoin unrealized losses normalized by percentage drawdown show that short-term holders are already holding substantial losses relative to the current correction depth – comparable to early bear market conditions in past cycles.”

Glassnode goes on to note that while long-term holders are in profit, market conditions could cause them to see their profits dwindle, another sign of an upcoming bearish phase.

“On the other hand, long-term holders (LTH) are still broadly in profit, but as BTC top buyers age into LTH status, loss absorption may rise. Historically, this shift often marked the confirmation of a bear market, though no such regime is evident yet.”

Short-term Bitcoin holders are traders who have held on to their tokens for less than 155 days, while long-term holders are defined as those who have kept their digital assets inactive for 155 days or longer.

According to Glassnode, one metric, which measures the directional dominance of value flowing in or out of a network, shows that the top crypto asset by market cap is at a crucial crossroads in terms of market direction.

“Meanwhile, volatility-adjusted net realized profit/loss for BTC has reverted to its long-term median. This historically marks the boundary between bull and bear regimes, placing the market at a critical juncture for determining direction.”

Bitcoin is trading for $84,557 at time of writing, a fractional decrease during the last 24 hours.

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A widely followed analyst is leaning bullish on a memecoin built in the Solana (SOL) ecosystem but with reservations.

The analyst pseudonymously known as Credible Crypto tells his 462,900 followers on the social media platform X that the dogwifhat (WIF) memecoin is “quickly approaching attractive levels” for a position that can potentially be held till the end of the current cycle.

“The region between $0.20 – $0.50 is a place where I would actually consider blind bidding/buying spot for a longer term hold IF I believed that WIF will one day make a comeback.

At these levels, the risk/reward is justified for spot buys in my opinion because the upside to prior highs would be, at minimum, a 10x and the downside is relatively limited from this region (unless it simply dies).”

The pseudonymous analyst, however, says that he has reservations about WIF due to the prevailing negative sentiment surrounding Solana amid the controversies involving high-profile memecoins in its ecosystem.

“For now, because of the current environment surrounding SOL and memecoins, I’m personally going to watch and wait for more price action to develop. Ideally, a clean accumulation range/bottom which may take some time.”

WIF is trading at $0.64 at time of writing while Solana is trading at $170.

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The clock is ticking for virtual world enthusiasts and creators looking to share their innovations at this year’s OpenSimulator Community Conference. Potential presenters have until October 29, 2024 to submit their proposals for the twelfth annual gathering of the OpenSim community.

“We hope that you can join us for our twelfth year celebrating the current and future use of open source virtual worlds through creativity, technology, artistry, and education,” said conference co-chair Cynthia Calongne, also known as “Lyr Lobo” in-world.

The two-day event will take place on December 7 and 8, featuring presentations about creative, educational, technical, and experiential topics related to OpenSimulator and the open metaverse.

“We’re interested in your wonderful content, insights, and accomplishments,” Calongne told Hypergrid Business.

Organizers are particularly interested in presentations that showcase innovative content, significant accomplishments in the OpenSim ecosystem, future visions for open source virtual worlds, and creative applications of OpenSimulator technology.

Each speaker session will be 20 minutes long. The conference will also feature community-sponsored tours, an Expo, content giveaways, and hypergrid exploration.

Proposal acceptance emails will be sent out on October 31. Accepted speakers must register for the conference by November 7 to secure their spot in the program.

The conference will kick off on December 6 with music and art events, followed by the main program on December 7 and 8.

Visit the OSCC’s Call for Proposals page to submit a presentation idea.

Hypergrid Business editor and publisher Maria Korolov is a science fiction novelist. During the day, Maria Korolov is an award-winning freelance technology journalist who covers artificial intelligence, cybersecurity and enterprise virtual reality. See her Amazon author page here and follow her on Twitter, Facebook, or LinkedIn, and check out her latest videos on the Maria Korolov YouTube channel. Email her at maria@hypergridbusiness.com. Her first virtual world novella, Krim Times, made the Amazon best-seller list in its category. Her second novella, The Lost King of Krim, is out now. She is also the publisher of MetaStellar, a new online magazine of speculative fiction.

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