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Crypto

Ark Invest Drops $37M on Bitcoin and Block Shares

Guavy AI Editorial Team
Instruments
BTC
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Ark Invest has made significant investments in both Bitcoin and Block shares, according to fresh filings. The investment firm purchased $37 million worth of BTC and Block shares.

The price action for BTC is currently sitting just above its 50-EMA support at $77592.68, while the 200-EMA at $71494.05 anchors the broader bullish structure.

However, there are warning signs in the technical analysis, including a MACD death cross at -63.04 and an RSI of 42.46, which remains neutral inside the Bollinger bands.

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