Bitcoin (BTC) 
$107,009 price remains stagnant at $68,500, leading to losses in altcoins. Significant events are anticipated in the coming hours, primarily influenced by the upcoming U.S. elections and the Fed’s interest rate decision, which will directly affect mid-term performance. Expert predictions abound, and there is much to analyze regarding Warren Buffett’s recent quarterly data.
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.
The S&P 500 has recorded a 40% increase since October 2023, marking one of the largest 12-month gains in history. Buffett is currently earning from interest with his massive cash reserve due to concerns about potential recession. If the recession materializes as expected, the outlook for cryptocurrencies may not be favorable.
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).
