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A technical malfunction at the New York Stock Exchange on Monday caused a temporary disruption in trading, leading to a significant drop in the A-class shares of Berkshire Hathaway, the investment conglomerate chaired by Warren Buffett. The glitch, which prompted trading halts and sparked an investigation by the NYSE, attracted the attention of the cryptocurrency community.
Dan BurginThis caused a particularly funny reaction in the crypto community. So many crypto enthusiasts reminded Warren Buffett of his criticism of the main cryptocurrency. In particular, the famous investor called Bitcoin a “gambling asset” that is worthless. Many noted that, unlike Berkshire Hathaway stock, the cryptocurrency had never experienced such an epic drop.
Notably, Edward Snowden, known for his role in disclosures of top-secret intelligence information, joined the party, simply stating, "Bitcoin fixes this."
Gamza KhanzadaevWhile Berkshire Hathaway and Warren Buffett are watching their shares halt trading and the crypto community is collectively poking fun at them, the price of BTC continues to take investors on a roller coaster ride.
Thus, today, the main cryptocurrency managed to grow by 3.75% to above $70,000 BTC, and then sharply collapsed by more than 2.5%, stopping at the level of $68,500. Currently, Bitcoin is trading at approximately $69,200, triggering a mix of fear and greed among investors.
Alex DovbnyaFor now, all eyes are on Bitcoin as it navigates the currents of market sentiment, leaving investors to ponder the age-old question: who will emerge victorious in this game?
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team