Ark Invest buys more Coinbase as shares plunge 10% in wider market rout

Crypto Insight Summary: Cathie Wood's Ark Invest bought $2.44 million worth of Coinbase on Thursday as the stock plunged 9.69% amid a broader sell-off. Crypto Insight Analysis: Direction: Bullish COIN Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Ark's Coinbase purchase signals selective institutional confidence, but the broader rout limits crypto-wide impact.