7 days ago
It was a dreadful week for the stock market, with the S&P 500 falling more than 6% over the last five days. That didn’t help Bitcoin, but the original cryptocurrency fared better than the wider market, rising over 1% in the same period. The Nasdaq had one of its largest falls in 25 years Thursday, but Bitcoin held relatively steady (CoinDesk’s James Van Straten reported ) even if now it’s nowhere near the highs above 100,000 that we saw at the beginning of the year. The big question for bitcoin amid market uncertainty is whether it’s seen as a risk asset to be sold off in a storm or a safe haven akin to gold (which until the last 24 hours at least was doing well relative to the market ). The impact of tariffs on crypto is much debated by researchers. Meanwhile, the digital assets industry prepared for better days ahead. Circle — the issuer of the second largest stablecoin, USDC — officially filed for an IPO . An important U.S. House committee advanced its stablecoin bill , with significant Democrat support. Fidelity Investments, a major brokerage firm, announced plans to offer an IRA allowing investors direct access to crypto in their retirement accounts. Helene Braun had the news. Advisers are increasingly willing to promote crypto products to their clients, surveys show. In other news, corporate bitcoin buyers, like Strategy, Metaplanet , Mara and Tether , kept stockpiling bitcoin, taking advantage of today’s prices. Ethereum developers locked in May 7 for their next upgrade (named Pectra), Margaux Nijkerk reported. Ripple reported big demand for its new stablecoin RLUSD , Kris Sandor reported. Then in regulatory news, Paul Atkins neared confirmation for SEC Chair and long-time D.C. crypto advocate stepped down from heading the Blockchain Association to work for a new Solana-focused group. Much of the news followed a pattern we’ve seen for the last few weeks: Sagging markets and quiet industry growth aided by a regulatory thaw. Given the tumultuous macroeconomic environment, it’s going to be fascinating to see how crypto continues to fare.
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BTC, Ethereum, and XRP Still Rule the Top 3 in 2025 Rankings
The cryptocurrency market sees Bitcoin (BTC) , Ethereum (ETH) , and XRP maintaining their positions as the top three digital assets by market capitalization. citeturn0search28 Despite market fluctuations, these cryptocurrencies continue to attract investor confidence due to their widespread adoption and robust ecosystems. Current Market Performance Bitcoin (BTC): Trading at $82,389.52 , experiencing a 7.2% increase. citeturn0search6 Ethereum (ETH): Approximately $1,560.43 , with a slight decrease of 1.69% . XRP: Trading at $2.03 , showing an 11% increase. PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW MAGACOINFINANCE – A High-Reward Opportunity In the midst of market fluctuations, MAGACOINFINANCE stands out as a promising early-stage investment. Priced at $0.0002804 , with over 10,000 holders , and a confirmed listing price of $0.007 , investors are looking at a potential 2,396% ROI. By utilizing the MAGA50X promo code, investors receive a 50% bonus, effectively increasing the ROI to 3,645% . This means a $100 investment could potentially grow to $3,745 . LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X Other Coins to Watch: ETH, TON, AVAX, SUI Ethereum (ETH): Trading at $1,560.43 , with a slight decrease of 1.69% . Tokamak Network (TON): Currently at $1.067 , showing a modest increase of 0.28% . Avalanche (AVAX): Trading at $18.78 , experiencing a 4.62% increase. Sui (SUI): At $2.18 , with a 2.35% increase. Conclusion As the crypto market evolves, Bitcoin , Ethereum , and XRP continue to offer stability and growth. However, for those seeking high-reward opportunities, MAGACOINFINANCE presents a unique proposition with its attractive entry price and substantial bonus incentives. Investors should conduct thorough research and consider diversifying their portfolios to capitalize on both established and emerging digital assets. For more information and to participate in the presale: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: BTC, Ethereum, and XRP Still Rule the Top 3 in 2025 Rankings CoinDesk
Billionaire Warren Buffett Adds $11,500,000,000 To Net Worth in Just 15 Weeks: Report
Billionaire Warren Buffett has recorded billions of dollars in gains this year despite the global market selloff, according to a new report. Buffett’s net worth is now $153.5 billion after surging $11.5 billion this year alone, reports Bloomberg. Buffett’s gains stand out amid the tariff-induced selloff triggered by President Trump, which wiped trillions of dollars from global equities. And his gains come despite this month’s sell off, which reduced Buffett’s net worth by $14.5 billion. Buffett, who is now ranked fourth among global billionaires, is one of only two in the top 20 that grew richer this year. He’s alongside L’Oreal heiress Francoise Bettencourt Meyers, who has added $1.8 billion. After the tariff news hit, the top 500 billionaires shed over $500 billion in just two days. Elon Musk alone suffered a $134 billion loss, with net worth now standing at about $297 billion. Meanwhile, Berkshire Hathaway, Buffett’s conglomerate, saw an 8.8% share decline since April 2, outperforming the S&P 500’s 10.7% fall. The company’s relative resilience stems from its focus on the property and casualty sector, which remains less affected by global trade disruptions. Buffett has avoided major deals, while trimming stakes in Apple and Bank of America, which have both been hit hard by the tariffs. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Warren Buffett Adds $11,500,000,000 To Net Worth in Just 15 Weeks: Report appeared first on The Daily Hodl . CoinDesk
