Re: A thought about AI

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

Unthreaded | Threaded | Whole Thread (33)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 1

"Bitcoin's price has dropped ~21% in the last month. Wondering if we are starting to see a serious unwind?"

WSJ front page this morning...

"Year of Crypto Comes Crashing Down

Bitcoin on track for its worst monthly result since ‘crypto winter’ hit in 2022

BY KEVIN T. DUGAN AND VICKY GE HUANG

Turmoil in the crypto market intensified this week as bitcoin shed more than 10%, adding to a meltdown that has erased $1 trillion in value from digital currencies more broadly since October.

In the 24 hours leading up to Friday morning, more than $2 billion worth of leveraged crypto trades were liquidated, pushing bitcoin below $81,000 before it recovered somewhat, according to CoinGlass. The largest cryptocurrency is on track for its worst monthly performance since June 2022, when the collapse of crypto lender Celsius Network plunged the market into what became known as its crypto winter.

Some traders have said the drop in bitcoin might be forcing some other selling in the traditional markets. Stocks rose Friday to cap a volatile week in which the Dow, S&P 500 and Nasdaq composite all fell 1.9% or more.

“Every group chat I’m in, everyone wants to know who blew up,” said Nic Carter, founding partner at Castle Island Ventures. “You can’t make sense of it all now. There’s a general malaise with no exact catalyst to say this is why.”

wsj.com - It was supposed to be cryptos year then came the crash

Post New | Post Reply | Report Post | Recommend It!

Print the post Share: X · FacebookFB · LinkedInLI · WhatsAppWApp · Email

Members reply directly to BreckHutHigh here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »

This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:

BRK: Why Not XOM? · 62 recs · 2024

Second quarter comments · 60 recs · 2023

Berkshire's Profit Contributors · 57 recs · 2023

Summary of 2Q 2026 · 54 recs · 2026

3Q Summary · 53 recs · 2024

Unthreaded | Threaded | Whole Thread (33)

Prev | Next

Announcements

Berkshire Hathaway FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website The Motley Fool (TMF) in any way. The Shrewd community here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.