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Crypto prices jump as Trump says US strategic reserve to include lesser-traded tokensPresident’s comments on digital assets such as Solana lift market after recent shake-outTrump holds a signed executive order on cryptocurrencies in the Oval Office on January 23 © Kevin Lamarque/ReutersCryptocurrency prices jumped on Sunday after President Donald Trump said a potential US strategic reserve of digital assets will include lesser-traded tokens Solana, XRP and Cardano.Trump made the disclosure on his Truth Social media account, adding: “I will make sure the US is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”His comments gave prices across the industry a lift after weeks of selling pressure, as cryptocurrencies were hit in a market shake-out of riskier assets.Traders have also cited their frustration that the Trump administration has not moved faster to enact some of the reforms he promised on the campaign trail.Solana, the token that represents the blockchain that hosts most memecoins — including Trump’s own coin — climbed 19 per cent to $169.71.Ada, which represents the Cardano blockchain, soared 50 per cent to just over $1 per token. XRP, the coin affiliated to payments group Ripple, rose 31 per cent to reach $2.83.Bitcoin rose 5.5 per cent to more than $88,900 per coin.In the first days after his inauguration, Trump signed an executive order supporting the growth and use of digital assets and blockchain technology and vowed to create a national stockpile of bitcoin — moves that investors celebrated.His administration has moved quickly to halt enforcement actions against the industry, which the top securities regulator under former president Joe Biden had described as the “Wild West . . . rife with fraud, scams and abuse”.Coinbase, a crypto exchange, said last month that the SEC had agreed to drop its landmark case against the company, which it had accused of failing to register as a national securities exchange, broker or clearing agency.Executives at other groups, including crypto exchanges Gemini and OpenSea, have also indicated that securities regulators have dropped investigations into their businesses.
Warren Buffett's Berkshire Hathaway sounds the alarm on the 2025 housing marketHome buyers may be surprised by what's in store for the year aheadAfter a decade of stability, the housing market became more volatile when inflation and mortgage rates started surging in 2022. Rising housing prices and mortgage rates have raised the cost of homeownership, preventing many first-time home buyers from entering the market.Many would-be buyers have opted to continue renting while waiting for market conditions to improve.According to Berkshire Hathaway, would-be home buyers need to be realistic when it comes to home prices and mortgage rates. ShutterstockBerkshire Hathaway explains that home buyers may need to adjust their market expectations for 2025In 2020 and 2021, the housing market strongly favored buyers. Mortgage rates reached historical lows of under 3%, and sellers were eager to cut deals as COVID uncertainty loomed large.However, mortgage rates skyrocketed from 3.5% to 7% by the end of 2022, and surging inflation contributed to higher home prices. Many buyers hoped this would be a short-lived market fluctuation, but Fannie Mae doesn't expect mortgage rates to dip below 6.5% before 2027. The housing market inventory is also unbalanced, falling short of the several million homes needed to match current demand levels. Housing prices will likely rise further, and buyers must consider that possibility when delaying homeownership.According to the Berkshire Hathaway Home Services blog*, buyers in the ideal housing market will find the right home, purchase at the right price, and get the best mortgage rate.However, the blog notes, "You may get lucky and get one out of three or even two out of three, but it’s nearly impossible to get all three at the same time unless the market is in a recession or depression. Only then will there be plenty of homes to choose from, low prices, and low mortgage interest rates."It's unlikely to find the trifecta of competitive pricing, low mortgage rates, and abundant supply in this market, so taking the plunge when financially prepared can help buyers make choices independent of market conditions.Refinancing your mortgage later can help get you the best of both worldsMany homeowners refinance their mortgage to get lower rates, reduce their loan term, or change the type of loan. According to the Federal Reserve Bank of New York, one-third of outstanding mortgages were refinanced between 2020 and 2021. And nearly 80% of home buyers would refinance their mortgage if rates began falling in the near future.The Berkshire Hathaway Home Services blog highlights that finding a home within your budget should be the priority when house hunting."Start with finding the right home—one that best meets your household’s needs for space and features, your finances, and a reasonable interest rate." Refinancing your mortgage loan down the line allows buyers to focus on finding the right home for their needs and provides flexibility in a market with frequent fluctuations.