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Cathie Wood Sheds Coinbase Shares, Bitcoin Faces Downturn, And Shiba Inu Sees Supply Shrinkage: Top Crypto Updates This Week

Published by
Benzinga

As another week concludes, the crypto community witnessed significant changes in the landscape. Leading the pack, Cathie Wood’s Ark Invest made a bold move, offloading a substantial portion of its Coinbase Global Inc (NASDAQ:COIN) shares amid a cooling crypto rally. Meanwhile, Bitcoin is facing a possible downturn, according to a crypto analyst. On the brighter side, meme token BONK (CRYPTO: BONK), a Dogecoin rival, recorded a steep increase in trading volume, while the supply of the self-proclaimed ‘Dogecoin killer,’ Shiba Inu (CRYPTO: SHIB), dwindled on exchanges, potentially laying the grou…

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