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Bitcoin (BTC) experienced one of its most significant rallies in May of this year. The original crypto’s price surged to an all-time high of $111,814 on May 22. BTC’s price has since faced a slight correction. The asset has fallen by 6.4% since its May peak. Bitcoin Dips As BlackRock Sells Source: Watcher.Guru BTC’s incredible rally last month was likely due to a surge in institutional investments. BlackRock, the world’s largest asset manager, purchased more than $3 billion worth of BTC in May. The recent price dip could be due to a dip in institutional funding. According to Arkham data, BlackRock sold BTC to stock up on Ethereum (ETH). The financial institution may have sensed incoming volatility. The sell-off may have spooked other market participants. Also Read: BlackRock Sold Bitcoin And Bought Ethereum: Should You Too? BTC’s price is down 0.6% in the daily charts, 3% in the weekly charts, and 5.7% in the 14-day charts. Despite the downtrend, the origin...

Cathie Wood’s investment form Ark Invest has again sold shares of the Coinbase crypto exchange. According to the latest data, the deal took place on Jan. 4. Ark Invest sold another 26,743 shares of Coinbase Global Inc. for $4.1 million. The deal comes just days after a massive $25.3 million stock sell-off. Cathie Wood and Ark Invest's trade activity from today 1/4. pic.twitter.com/leqiCCVX30 — Ark Invest Daily (@ArkkDaily) January 5, 2024 The transaction took place through the ARK Innovation ETF. On the same day, the ETF entered into a transaction to purchase an additional 132,955 Recursion Pharmaceuticals shares valued at approximately $1.48 million. Coinbase shares rose 2.21% over the last 24 hours to $155.6, according to TradingView data. Shares of Coinbase have grown by almost 350% over the past year. Source: TradingView Over the past few weeks, the company’s ETFs have sold more than $200 million worth of Coinbase shares . In addition, the fund...

Cathie Wood ’s firm Ark Invest sold its Tesla stock holdings a day before Elon Musk’s meeting with the Indian P as the company looks to invest in the Asian country. advertisement Tesla Shares Rise Over 5% Tesla shares closed over 5% higher yesterday as it gained 45.31% in the last month. At the time of writing, Tesla shares are trading at $274, with 5.34% increase in the pre-market. Ark Investment has been on a selling spree recently as it continues to scoop massive profits on Tesla shares. Ark bought heavily last year when Tesla shares were down. Earlier, Cathie Wood ’s investment management firm sold 73,113 shares of Tesla 16th June for around $19.05 million. Also Read: Cathie Wood Predicts Bitcoin Price.. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...