ARK Invest ramped up its crypto exposure on Friday, adding Bullish, BitMine, Circle, Robinhood and nearly $600K in Bitcoin ETFs as crypto equities attempted a rebound. 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 ETF (ARKW) expanding their exposure, according to trade notifications for Friday. Combined, these buys amounted to about $2 million, following Bullish’s 5.75% gain on the day. ARK also continued accumulating BitMine, with purchases across ARKF, ARKK and ARKW totaling approximately $830,000. BitMine closed slightly lower on the day but remained within its recent trading range near $26. Read more
The catalyst could serve as a wake-up call and send Bitcoin to $150,000 overnight, though it “would have to be real," according to Jeff Park. 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 there was, for some reason, all of a sudden, news that a major developed market, OECD country, was going to buy Bitcoin on the balance sheet, and actually do it,” Park explained. Read more
Some Bitcoiners are speculating that the significant surge in the odds of a Fed rate cut in December may lead to Bitcoin finding a price “bottom here for now.” 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 to find a bottom here for now,” crypto analyst Moritz said in an X post on Friday, as Bitcoin’s price trades at $85,071, down 10.11% over the past seven days, according to CoinMarketCap. Read more
Kiyosaki disclosed that he sold his Bitcoin at $90,000 after he forecast a $250,000 price target for BTC in 2026 earlier in November. 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 about $90,000. The profits from the investment will be funnelled into two “surgery centers” and a billboard business, he said. The investment in these businesses is expected to yield $27,500 in tax-free monthly income by February 2026, he estimated. Read more
ETH price fell to levels not seen since July, but compelling futures data could shed light on a silver lining. Is Ether headed toward $3,200? Key takeaways: ETH derivatives positioning shows large traders increasing long exposure as sentiment stabilizes despite ongoing weakness in broader risk markets. Public companies holding sizable ETH reserves continue to trade at discounts, signaling investors still lack conviction in a near-term recovery. Read more