Search results for Charlie Munger
Crypto
Bitcoin may not revisit $60,000 range as long-term floor rises
Bitcoin’s 200-week moving average, seen as a key long-term support level, has risen above $65,000 for the first time, U.Today reported. The metric has climbed from around $64,000 in August to above $65,000. Blockstream CEO Adam Back highlighted the move after sharing a Look Into Bitcoin chart. Market participants backing the model see limited chances of bitcoin trading below $65,000 for long periods as spot prices trade around $76,000 to $77,000.
Crypto
Adam Back revisits bitcoin indicator as long-term uptrend structure holds
Bitcoin’s 200-week moving average has moved above $61,000, prompting an assessment that its long-term uptrend structure remains intact. Blockstream CEO Adam Back highlighted the rise again on social media, pointing to it as a structural strength signal. The indicator, which reflects about four years of weekly closes, has risen about $1,000 in less than a month after crossing $60,000 in early May. Market watchers say further gains depend on sustained demand.
Industry
Berkshire Hathaway shares lag rebound, marking worst performance this century after Buffett departure
Berkshire Hathaway has lagged a recent U.S. stock market rebound, posting its biggest relative underperformance so far this year. The S&P 500 broke above 7,100 for the first time, while Berkshire’s A and B shares fell less than 1 percent this month. The stock is more than 12 percent below its record high in May last year. Analysts link the weakness to Warren Buffett’s retirement plan and investor focus on successor Greg Abel.