ARK Invest Returns to Coinbase Stock Amid Major Market Sell-Off, Bitcoin (BTC) Temporarily Falls Below $50,000

📅 On August 5, ARK purchased 28,632 Coinbase shares, worth $5.4 million, closing at $189.5.

🔻 The crypto market has been in a steep decline, with Bitcoin falling below $50,000 for the first time since February 2024, hitting a low of $49,800.

📈 Currently, BTC is trading at $55,661, up 6% in the past 24 hours, but still down 16% in the past 7 days.

📊 Coinbase also fell 20.7% on August 5, but has since recovered, closing at $189.5.

What do you think of ARK's move? Comment below! 🚀