Crypto analyst Ali Martinez is warning about a potential downturn for the Maker (MKR) cryptocurrency. Using a technical indicator called the Tom DeMark (TD) Sequential, he’s flagged a possible sell signal. MKR’s Potential Pullback Martinez, who boasts a large following on X (formerly Twitter), points to the 12-hour chart showing a bearish signal from the…
Warren Buffett’s Berkshire Hathaway is sitting on a record-breaking $334 billion in cash. This massive cash pile is up from $325 billion at the end of the third quarter. A Big Bank Sell-Off A significant contributor to this increase was the sale of 117 million Bank of America shares, worth approximately $5.5 billion. Buffett’s Reassurance…
Warren Buffett, the billionaire CEO of Berkshire Hathaway, recently sounded the alarm about the US dollar’s future. In his company’s annual shareholder letter, he expressed concern about the potential for reckless government spending to weaken the dollar’s value. The Danger of Fiscal Folly Buffett stated that excessive government spending (“fiscal folly”) could easily erode the…
Montana is one step closer to adding Bitcoin to its state reserves. A bill allowing the state to invest in precious metals and digital assets recently passed a committee vote and is headed to the state House for a full vote. What the Bill Does House Bill 429 would create a special account for investments…
Franklin Templeton, a huge player in the investment world, has thrown its hat into the ring for a Solana ETF (exchange-traded fund). This means they’re trying to get approval from the SEC to let US investors buy a fund that tracks Solana’s price. They’re not alone; several other companies are vying for the same opportunity….
Bybit, a major cryptocurrency exchange, was hit hard by a massive hack. Over $1.5 billion in digital assets – mostly Ether – were stolen from their offline storage (cold wallet). The Heist The stolen Ether was quickly moved around and sold off on other platforms. This is considered the biggest crypto heist ever, dwarfing previous…
Bitcoin’s price recently dipped below $96,000 after briefly touching $99,000, leaving the market in a holding pattern. But a fascinating on-chain metric might hint at what’s next. The aSOPR: A Bitcoin Profitability Gauge Glassnode, a blockchain analytics firm, highlighted Bitcoin’s aSOPR (adjusted Spent Output Profit Ratio) hitting 1.01. This metric is crucial because it shows…
Ethereum’s price has been struggling. It’s currently below $2,700, and attempts to break above $2,800 have failed. Selling pressure is strong, and buyers haven’t been able to gain much momentum. The Bybit Hack and Market Sentiment Things got worse on Friday with the Bybit hack, resulting in a massive $1.4 billion loss in ETH. This…
US household debt has exploded to a staggering $18.04 trillion, a new record high. This is according to a recent report from the Federal Reserve Bank of New York. Debt Breakdown The massive debt figure represents a $93 billion increase from the previous quarter and a whopping $3.9 trillion jump since the end of 2019….
A popular crypto analyst, Credible Crypto, is eyeing a Solana-based memecoin called DogWifHat (WIF) as a potential long-term investment. However, they’re not diving in headfirst. WIF: Attractive Levels, But Risky Business Credible Crypto, with a huge following on X (formerly Twitter), suggests that WIF is nearing prices they consider attractive for buying and holding until…
