The Bitcoin price is down 2% in the past 24 hours after Cathie Wood’s ARK Invest increased its exposure to crypto-linked stocks by adding shares of Coinbase, Circle and Bullish amid sector-wide price declines.
According to ARK’s Friday tcrazy revelationsthe ARK Innovation ETF (ARKK) bought 38,854 Coinbase shares, while the ARK Fintech Innovation ETF (ARKF) added another 3,325, for a total of $9.4 million. Circle Internet Group saw a total of 129,446 shares purchased from ARKK and ARKF, worth approximately $9.2 million, and ARK also invested $3.2 million in 88,533 Bullish shares.
Coinbase shares closed 2.77% lower at $216.95, Circle fell slightly 0.03% and Bullish fell 2% to $35.75. In addition to these crypto purchases, ARK has trimmed positions elsewhere, including selling 12,400 Meta Platforms shares worth $8.03 million. ARK’s increased exposure comes despite crypto-linked stocks underperforming in recent quarters.
Breaking 🚨: ARK Invest is planning two crypto index ETFs, one with Bitcoin and major altcoins, and one without Bitcoin.
The ETFs will be listed on NYSE Arca, as Cathie Wood’s firm also invests in companies such as Netflix, Tempus AI and WeRide.
The company remains optimistic about… pic.twitter.com/Cf4UeeJqYP– Cfn (@CryptofLairnews) January 24, 2026
The digital asset downturn in late 2025 weighed heavily on ARK ETFs, with Coinbase emerging as the biggest drag on the ARK Next Generation Internet ETF (ARKW), ARKF, and ARKK. Coinbase shares fell more sharply than Bitcoin and Ether as spot trading volumes on centralized exchanges fell 9% quarter-on-quarter following the October liquidation.
ARK Invest remains bullish on Crypto
Roblox was the second biggest detractor despite strong bookings in the third quarter, as the company warned of declining operating margins in 2026 and faced additional pressure from the Russian platform ban. Despite these setbacks, ARK remains optimistic about the long-term potential of crypto. In its Big Ideas 2026 report, the company projects that the digital asset market could reach $28 trillion by 2030, largely driven by Bitcoin adoption and price growth.
Bitcoin is expected to represent approximately 70% of the total market value, with approximately 20.5 million coins mined by 2030. If this prediction is correct, ARK estimates that Bitcoin could reach $950,000 to $1 million, fueled by increasing institutional participation, corporate ownership, and the growth of Bitcoin ETFs.
ARK’s recent purchases underscore long-term confidence in crypto, demonstrating the company’s willingness to increase exposure even amid short-term market volatility and industry-wide declines.
Bitcoin has critical support at $87,000, signs of reversal are visible
The Bitcoin trading pair shows the market testing a critical juncture at the key support zone around $87,000. After a prolonged downtrend from mid-2025, BTC appears to be shaping up for a potential bullish reversal as shown in the chart.
Earlier this year, Bitcoin experienced a strong bullish channel in April, peaking with a double top around the $120,000-$122,000 level. The double top provided significant resistance and led to a sharp correction that put BTC into a consolidation phase with multiple lower highs through mid-to-late 2025.
Currently, price action is consolidating above the key support zone, which has historically acted as a strong bottom. This area matches previous rejection points, indicating that buyers are defending this area.
The Relative Strength Index (RSI) of around 39 indicates that BTC is in or approaching oversold territory, further supporting the likelihood of a bullish reversal. If support holds, the chart indicates a potential upside target towards the $105,000-$110,000 region, close to previous resistance levels, marking a possible recovery of more than 20% from current levels.
The broader trend shows caution as BTC remains below the long-term resistance of around $115,000-$120,000. A sustained breakout above this resistance would be necessary to confirm a return to the previous bullish momentum. For now, traders should look for confirmation of the reversal via a strong daily close above the current consolidation zone, combined with improving RSI and volume signals. Bitcoin is at a critical pivot point, with a potential bounce from $87,000 signaling the start of a new upside phase, although it must overcome key resistance zones to maintain a long-term bullish trend.
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