ARK Invest closed out the week with a fresh round of accumulation across several of its flagship funds, picking up positions in Circle, Bullish, BitMine, Robinhood and Bitcoin ETFs as crypto-related equities rebounded. The largest set of purchases targeted Bullish, with ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet…
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While many crypto market participants are debating what it might take to trigger a significant Bitcoin daily candle, ProCap chief investment officer Jeff Park has narrowed it down to one key catalyst. “A black swan event for Bitcoin upside would be sovereign adoption,” Park said during a podcast interview published to YouTube on Thursday. “If…
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Bitcoiners were noticeably more upbeat on social media today as the odds of a US Federal Reserve rate cut in December nearly doubled compared to just a day earlier. Some crypto market participants are speculating that this could be the catalyst Bitcoin (BTC) needs to halt the asset’s downward trend. “Let’s see if that’s enough…
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Investor and “Rich Dad, Poor Dad” author Robert Kiyosaki disclosed on Friday that he sold his $2.25 million in Bitcoin (BTC) and is reinvesting the money into businesses he owns to generate additional cash flow. Kiyosaki said that he acquired the BTC “years ago” when it was trading at around $6,000 and sold it at…
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The record outflows from Bitcoin exchange-traded funds (ETFs) represent short-term, “tactical” rebalancing rather than institutional flight from BTC, according to analysts at crypto exchange Bitfinex. Long-term Bitcoin (BTC) holders taking profit and selling their coins, and highly-leveraged positions flushing out of the markets, are the root causes of the billions of dollars in ETF outflows…
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Key takeaways: Bitcoin’s death cross, which previously led to 64%-77% BTC price declines, has flashed again. Mounting selling pressure is prompting many investors to sell their BTC holdings at a loss. Bitcoin (BTC) may have confirmed its entry into a bear market after the price dropped to $80,000 on Friday. This view is reinforced by…
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Cryptocurrency markets continued their decline for a fourth consecutive week this week, raising concerns over the status of the bull market cycle. Investor concerns grew on Thursday after a 10X Research report revealed that BitMine Immersion Technologies, the world’s largest corporate Ether (ETH) holder, is sitting on a cumulative unrealized loss of $3.7 billion on…
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Bitcoin (BTC) fell to $80,600 on Friday, extending weekly losses to more than 10%. Its monthly drawdown has now reached 23%, the steepest decline since June 2022. The drop below $84,000 also pushed BTC to test the 100-week exponential moving average for the first time since October 2023, aligning exactly with the start of the…
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Key points: Bitcoin has been facing intense selling pressure, opening the doors for a fall to the crucial support at $73,777. Several major altcoins have slipped below their support levels, indicating that bears remain in firm control. Bitcoin (BTC) attempted a recovery on Friday, but the bears continued to exert pressure, bringing the price as…
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Khurram Dara, a former policy lawyer at cryptocurrency exchange Coinbase, officially launched his campaign for New York State Attorney General. In a Friday notice, Dara cited his “regulatory and policy experience, particularly in the crypto and fintech space” among his reasons to try to unseat Attorney General Letitia James in 2026. The former Coinbase lawyer…
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