Warren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as the world’s reserve currency, suggesting that U.S. debt will remain acceptable “for a very long time.” Berkshire currently sits on a cash pile of $188 billion, which Buffett views as “quite attractive.” Insights From […] Source CryptoX Portal
Decentralized application (dApp) platform Near Protocol exhibited notable growth in key metrics during the first quarter (Q1) of 2024, driving its native token NEAR to reclaim a crucial key level and paving the way for a potential retest of its all-time high (ATH) from January 2022. According to a recent report by Messari, NEAR experienced significant increases in market capitalization, revenue, active addresses, and Total Value Locked (TVL), solidifying its position among the top players in the cryptocurrency market. NEAR Outperforms Bitcoin And Ethereum In Q1 2024, NEAR’s circulating market…
Shiba Inu has rebounded by over 19% from its $0.00002081 price point at the beginning of the month. Current price action shows the cryptocurrency might be on its way to performing an interesting price surge in the coming weeks. According to one crypto analyst, SHIB could actually go on a 120% price surge after breaking out of the current consolidation. Crypto Analyst Says Massive Surge Coming SHIB kickstarted a price correction immediately after reaching 0.00003556 in early March. Bullish investor sentiment surrounding the meme cryptocurrency at the time quickly changed into…
According to the latest data, the top ten artificial intelligence (AI)-based crypto assets have experienced double-digit declines over the last 30 days. Despite the downward trend, nine out of the top ten saw a recovery this past week, recording gains ranging from 4% to 30% within seven days. AI Cryptos Rise After Suffering Heavy Monthly […] Source CryptoX Portal
“Although the dip to $56,500 may have completed the correction, I still expect to see a price of $52-55,000 before wave 4 completes,” Glover said, referring to the Elliot Wave theory, a technical analysis that assumes that asset prices move in repetitive wave patterns. Source
Vitanza, who attended MicroStrategy’s World 2024 user forum in Las Vegas last week, however, said customers had significant positive feedback regarding the firm’s legacy software business, founded long before Saylor pushed the company to purchase billions of dollars of bitcoin. “This is causing us to rethink the potential upside around the operating business,” he wrote. Source
Over the weekend, the crypto market started recovering from the largest retrace of this bull cycle. The strong correction caused Bitcoin and the altcoins market to drop to levels not seen since February. While some sectors of the crypto community felt like the bull run was over or needed to “cool-off”, others seemed optimistic about the cycle’s future. Now that the market is back from the correction, analysts foresee that the altcoin season might come soon. Is The Correction Phase Over? Over the weekend, crypto analyst and trader MilkybullCrypto shared…
Bitwise Chief Investment Officer Matt Hougan believes that recent regulatory scrutiny could play a role in Coinbase’s favor and benefit the company in facing the SEC. The U.S. SEC has recently issued a Wells notice to Robinhood Crypto, indicating a potential enforcement action for securities violations. This regulatory scrutiny is playing a significant role in shaping the competitive landscape among crypto exchanges, particularly benefiting Coinbase, according to Hougan. In a post on the social media platform X, Hougan argued that the stringent regulatory environment inadvertently creates a competitive advantage for…
“Congress should enact new legislation to avoid legal pitfalls, but it’s unclear to me whether they actually will,” Baumann added. Gensler, for his part, has stated directly that he doesn’t think crypto needs bespoke legislation or guidance, given his view that everything crypto, bar bitcoin, walks and talks like securities. Source
As Bitcoin, the world’s first decentralized cryptocurrency, records 15 years since its inception, its blockchain has also achieved a significant milestone. Bitcoin’s blockchain recently surpassed a major transaction benchmark, processing a total of 1 billion transactions on its network, marking a historic moment in the digital asset space. Bitcoin Transactions Exceed 1 Billion Since emerging in the financial landscape in 2009, when pseudonymous Bitcoin creator, Satoshi Nakamoto introduced the cryptocurrency’s white paper, Bitcoin has significantly reshaped the financial ecosystem, attracting millions of users who continually engage in decentralized transactions daily. …