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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.