Warren Buffett and Market Activity
The renowned billionaire is widely recognized for his company, Berkshire Hathaway. This year, Berkshire Hathaway halted stock buybacks, selling over $100 billion worth of Apple shares. The company now boasts a record cash reserve of $325 billion.
Holding a record $288 billion in U.S. Treasury bonds, this amount surpasses what the Fed holds. What has driven Buffett to hold $93 billion in Treasury bonds over the Fed’s assets? Buffett appears to be positioning himself as a recession looms, refraining from buying back shares due to high prices.
Expert Insights on Cryptocurrencies
In his latest market assessment, Benjamin Cowen notes the realization of a market dominance target he has been anticipating for three years. While he cannot precisely identify the peak, he has frequently mentioned the threshold of 60%. He wrote that he believes within the next two months, BTC dominance will peak for this cycle, although predicting the exact percentage is foolish.
“With ALT/BTC pairs still at low levels, dominance surpassing 60% is possible. There are ways to prevent ALT/BTC pairs from declining sharply without BTC.D skyrocketing (though this requires ETH/BTC to bounce). The reality is that those bullish on market dominance for the last three years are in a strong position, and they want to see proof of a trend change before acting.”
Z3usCrypto, another analyst, predicts that we are experiencing a consolidation phase before reaching an all-time high (ATH).