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Bitcoin Price Dips as ARK Invest Increases Crypto Equity Holdings

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Bitcoin Price

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The Bitcoin price has dropped 2% in the last 24 hours after Cathie Wood’s ARK Invest increased its exposure to crypto-linked equities, adding shares of Coinbase, Circle, and Bullish amid sector-wide price declines.

According to ARK’s Friday trade disclosures, the ARK Innovation ETF (ARKK) purchased 38,854 Coinbase shares, while the ARK Fintech Innovation ETF (ARKF) added 3,325 more, totaling $9.4 million. Circle Internet Group saw a combined 129,446 shares bought across ARKK and ARKF, worth around $9.2 million, and ARK also invested $3.2 million in 88,533 Bullish shares.

Coinbase shares closed down 2.77% at $216.95, Circle fell slightly by 0.03%, and Bullish declined 2% to $35.75. Alongside these crypto buys, ARK trimmed positions elsewhere, including selling 12,400 Meta Platforms shares valued at $8.03 million. ARK’s increased exposure comes despite crypto-linked equities underperforming in recent quarters.

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The downturn in digital assets during late 2025 weighed heavily on ARK ETFs, with Coinbase emerging as the largest drag on the ARK Next Generation Internet ETF (ARKW), ARKF, and ARKK. Coinbase shares fell more sharply than Bitcoin and Ether as spot trading volumes on centralized exchanges dropped 9% quarter-on-quarter following October’s liquidation event.

ARK Invest Stays Bullish on Crypto

Roblox was the second-largest detractor, despite posting strong third-quarter bookings, as the company warned of declining 2026 operating margins and faced added pressure from Russia’s platform ban. Despite these setbacks, ARK remains bullish on crypto’s long-term potential. In its Big Ideas 2026 report, the firm projects the digital asset market could reach $28 trillion by 2030, driven largely by Bitcoin adoption and price growth.

Bitcoin is expected to account for roughly 70% of the total market value, with about 20.5 million coins mined by 2030. If this forecast holds, ARK estimates Bitcoin could reach $950,000 to $1 million, fueled by rising institutional participation, corporate holdings, and the growth of Bitcoin ETFs.

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ARK’s recent purchases underscore its long-term confidence in crypto, showing the firm is willing to increase exposure even amid short-term market volatility and sector-wide declines.

Bitcoin Holds Critical $87K Support, Signs of Reversal Emerging

The Bitcoin trading pair shows the market testing a critical juncture at the major support zone near $87,000. After a prolonged downtrend starting from mid-2025, BTC appears to be forming a potential bullish reversal, as highlighted by the chart.

Earlier in the year, Bitcoin experienced a strong bullish channel in April, peaking with a double top around the $120,000–$122,000 level. The double top marked a significant resistance, triggering a sharp correction that led BTC into a consolidation phase with multiple lower highs through mid to late 2025.

Currently, the price action is consolidating above the major support zone, which has historically acted as a strong floor. This area aligns with prior rejection points, suggesting buyers are defending it.

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Bitcoin PriceBitcoin Price

The Relative Strength Index (RSI) reading of around 39 indicates that BTC is in or approaching oversold territory, further supporting the likelihood of a bullish reversal. If the support holds, the chart indicates a potential upside target toward the $105,000–$110,000 region, near previous resistance levels, marking a possible recovery of over 20% from current levels.

The broader trend shows caution, as BTC remains below the long-term resistance at roughly $115,000–$120,000. A sustained breakout above this resistance would be necessary to confirm a return to the previous bullish momentum. For now, traders should watch for confirmation of the reversal through a strong daily close above the current consolidation zone, combined with improving RSI and volume signals. Bitcoin is at a critical pivot, with a potential rebound from $87,000 signaling the start of a new upward leg, though it must overcome key resistance zones to sustain a long-term bullish trend.

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Crypto World

Gemini Q4 Revenue Lifts Shares Despite Weaker Crypto Markets

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Gemini Q4 Revenue Lifts Shares Despite Weaker Crypto Markets

Shares in crypto exchange Gemini surged after hours as stronger-than-expected fourth-quarter results showed revenue growth driven by credit card adoption and a reworked fee structure.

Gemini reported on Thursday that its Q4 revenues rose 39% from the year-ago quarter to $60.3 million, reportedly beating analyst expectations of $51.7 million.

It reported a net loss of $140.8 million for Q4, deepening from its $27 million loss from a year ago. Gemini posted a total 2025 loss of $585 million, ahead of its total 2024 losses of $156.6 million.

Gemini co-founders Cameron and Tyler Winklevoss said in a shareholder letter that Q4 was the company’s highest quarterly revenue in three years, even with trading volumes declining, the revenue gain was reflective of “deliberate fee structure work through the back half of the year.”

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Shares in Gemini (GEMI) initially jumped 14% after hours on Thursday to a high of $6.83, but settled at $6.36 for a gain of 5.8% after ending the trading day flat at around $6.

Shares of crypto exchange Gemini rose after hours. Source: Google Finance 

The results are Gemini’s second after going public in September and came amid a broad crypto market decline in late 2025, which saw Bitcoin (BTC) rapidly decline from its all-time peak above $126,000 in October. 

Gemini lays off 30% of staff so far this year

In February, Gemini said it was withdrawing from the UK, the EU and Australia, citing challenging market conditions. The company also planned to lay off 25% of its workforce, in part due to artificial intelligence.

In their letter, Cameron and Tyler Winklevoss said Gemini had reduced its workforce by “roughly 30% since the start of 2026,” citing an increased use of AI.

“Today, AI is used in more than 40% of our production code changes and we expect that number to climb to close to 100% in the not-too-distant future,” they said. “Not using AI at Gemini will soon be the equivalent of showing up to work with a typewriter instead of a laptop.”

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The Winklevoss brothers said the company’s plan this year was to “focus and double down on America,” adding they were encouraged by the pro-crypto stance of US market regulators. 

Prediction markets and credit card key 2026 priorities 

Gemini launched its in-house prediction market, Gemini Predictions, across all 50 US states in December, shortly after it obtained a license from the Commodity Futures Trading Commission.

Related: Gemini bets on ‘super app’ as stock sinks to record low on Q3 results

The company said it would refine and expand its prediction market offering and also scale its credit card and exchange.

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The Winklevoss brothers said Gemini would “shift into becoming a markets company with Gemini Predictions” and use that infrastructure for its perpetual futures contracts once they’re approved in the US.

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