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Investors have accumulated hundreds of billions of dollars in unrealized profits on Bitcoin (BTC) as the crypto king hovers just below the all-time high, according to analytics platform Glassnode. The analytics platform says Bitcoin investors are sitting on $1.2 trillion in unrealized profits as “HODLing remains the dominant behavior.” “Despite this surge in profitability, investor behavior...
A widely followed cryptocurrency analyst is issuing an alert, warning traders that altcoins appear poised to continue declining against Bitcoin (BTC). In a new thread, crypto trader Benjamin Cowen tells his 1 million followers on the social media platform X that US monetary policy will remain tight, suggesting that altcoin pairs versus the top crypto asset by market cap are heading to their range...
Billionaire Warren Buffett is pouring hundreds of millions of dollars into a single investment after creating a huge cash pile by steadily dumping shares of Bank of America, JPMorgan Chase and Wells Fargo. Berkshire Hathaway’s latest Form 13F filings show the Wall Street legend bought about 20 million shares of Sirius XM (SIRI) in Q3 2024 through Q1 2025, valued at about $459 million based on an...
The US dollar just had the worst first-half-year performance in over 50 years and is likely to weaken even more, according to the financial data and analytics firm S...
The U.S. House is declaring the week of July 14th as “Crypto Week,” as three major crypto-related acts will be considered by Congress. According to a new announcement from the U.S. House Committee on Financial Services, the CLARITY Act, the Anti-CBDC Surveillance State Act and the Senate’s GENIUS Act will all be considered by Congress during Crypto Week. Says U.S. House Committee on Financial...
Fundstrat co-founder and chief investment officer Tom Lee believes that the market is significantly undervaluing Ethereum (ETH). In a new interview with the host of the Coinage podcast, Zack Guzman, Lee says that a fair market value for ETH may be as much as $10,000, a more than 299% increase from its current value. Lee says that ETH should have a much higher value because of the market value of...
The chief global strategist of financial services giant JPMorgan says that the White House’s growth projections for the US economy are unfeasible. In a new interview with CNBC Television, JPMorgan executive David Kelly says that the White House’s 3% projected growth for the economy doesn’t make sense as the US doesn’t have the means to boost productivity to match. According to Kelly, baby...
A crypto strategist known for making timely Bitcoin calls believes that BTC will print an astronomical new all-time high before the current cycle is over. Pseudonymous analyst Credible Crypto tells his 468,800 followers on the social media platform X that Bitcoin is likely on the verge of an explosive breakout from its trading range. “The bid on BTC is relentless. When this thing finally breaks...
Bridgewater Associates founder Ray Dalio says the US could be headed to a financial crash because political leaders are cautious against taking aggressive actions to address America’s budget deficit. In a post on the social media platform X, the billionaire says senior members of both the Democratic and Republican parties agree that the US needs to reduce its deficit to 3% of the GDP (gross...