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Cathie Wood's #ARKInvest Sells $49.2 Million Worth of Coinbase Stocks #Cryptonews

🔵ARK Invest, led by Cathie Wood, sold a significant amount of Coinbase (#COIN) shares on Friday—335,860 shares to be exact.

🔵The total value of the sale amounted to approximately $49.2 million, marking it as the largest single sale by ARK Invest since July.

🔵The reason behind the sale was ARK Invest's adherence to a target weight policy, limiting a single portfolio's exposure to a maximum of 10%. The recent surge in #Coinbase's stock price prompted this move.

🔵The surge in the value of Coinbase shares led ARK Invest to rebalance its portfolio by selling a portion of its holdings to maintain the desired balance and risk level within their #ETFs.
#BitcoinHalving Countdown

The Next #Bitcoin halving, anticipated to occur in April 2024 at block number 840,000, will reduce the #mining reward by half.

This event will decrease the reward for mining a new #block on the Bitcoin network from the current 6.25 BTC to 3.125 #BTC.
🔵#Bitcoin (BTC) dropped below $42,000; other major #cryptocurrencies like #Ethereum (ETH), #Solana (SOL), #Ripple (XRP), and #Dogecoin (DOGE) also experienced minor declines.


🔵KuCoin Token (KCS) gained the most, rising over 28% in 24 hours, while Terra (LUNA) suffered a 6% loss.


🔵Global #cryptomarket cap: $1.57 trillion, with a 0.54% 24-hour loss at the time of writing.
🔵December 12, 2010: Satoshi Nakamoto's last public post, warning about security issues in Bitcoin.

🔵Active for 772 Days: Nakamoto shared ideas and helped the Bitcoin community for over two years after creating it in 2008.

🔵Sudden Disappearance: After the final message, Nakamoto vanished, leaving many questions unanswered.

🔵Rumors and Mystery: There were some rumored emails to other Bitcoin developers, but Nakamoto never publicly returned, making his identity a big mystery.

#Cryptocurrency #Bitcoin #Cryptonews #Satoshi
🚨US #CPI: Expecting high volatility in #Bitcoin and #Crypto today due to the US CPI data release 😳

Expected 👉 3.1%

Market can be volatile🔥