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Coinbase Stock Jumped 60% in Two Weeks, ARK Invest Breaks Buying Streak

Riding on the wave of a broader market rally, Coinbase stock (COIN) notched a rally of nearly 60% over the past two weeks exceeding more than $84 per share.

The resurgence in the exchange’s shares comes in the backdrop of a severe banking crisis in the United States and the subsequent investor rush to Bitcoin and other cryptocurrencies.

But Coinbase bull – Cathie Wood’s ARK Invest – has broken its buying streak. The noted growth investor sold 160,887 shares of COIN, worth more than $13 million, on March 22nd.

(By Chayanika Deka)

Coinbase tokenized stock FTX Coinbase tokenized stock FTX $87.77
+23.12%
Cathie Wood Ark Invest Coinbase
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