Investment manager ARK Invest, which is known for buying the dip when markets go south, has purchased 199,401 Coinbase (COIN) shares in the past three days.

The Cathie Wood-run company bought 83,157 shares of the crypto exchange on Friday, followed by 84,514 and 31,730 on Monday and Tuesday, respectively, according to the company’s daily emailed statements. Based on closing prices, the shares would have cost a total of $31.51 million. They are now valued about $29.3 million based Tuesday’s close.

The St. Petersburg, Florida-based company aims to avoid having one particular holding account for a weighing of more than 10% of an exchange-traded fund’s (ETF) total value. When a particular stock falls, it presents a buying opportunity for ARK.

Coinbase shares have fallen over 15% in the last week as both cryptocurrency and equity markets tumbled following the steep import tariffs imposed by U.S. President Donald Trump.

BTC is around 8% lower than a week ago, while the S&P 500 and Nasdaq have both dropped more than 10%.

Read More: Cathie Wood’s ARK Buys Over $13M Worth Coinbase Shares During Market Rout

The bitcoin (BTC) price is likely to become more volatile after dipping below $75,000 twice in the past week as it extends its drop from the all-time high of $109,000 reached on Jan 20.

That’s taken it into what Glassnode shows as an “air pocket” between $70,000 and $80,000 created after the largest cryptocurrency soared following President Donald Trump’s election victory in November.

The largest cryptocurrency climbed to over $100,000 from $70,000 after the vote without ever revisiting its starting point. Historically, when bitcoin rallies without consolidating at key levels, it often returns to retest them later. This lack of price interaction implies low supply, increasing the likelihood of rapid movement.

One way of showing this is to look at bitcoin’s unspent transaction output (UTXO), which represents the amount of bitcoin received but unspent, i.e. still available for use in transactions.

The UTXO Realized Price Distribution (URPD) shows the prices at which existing bitcoin UTXOs last moved. In this version, each holder’s average acquisition price is used to sort their full balance into the appropriate price bucket.

In order to establish a sustainable move — either higher or lower — bitcoin will likely need to consolidate within this «air pocket» range. As illustrated in the chart, less than 2% of total supply sits here, suggesting that price action in this region could remain volatile due to the lack of supply.

Around 25% of bitcoin’s supply is currently held at a loss, primarily by short-term holders who bought within the last 155 days.

Argentina’s lower house of Congress has approved a series of measures aimed at probing the LIBRA cryptocurrency that rocked the country after being promoted by President Javier Milei earlier this year.

In a special session called by the “Democracy Forever” bloc, deputies passed three resolutions: the formation of an investigative commission, the summons of top government officials, and a formal request for information from the executive branch.

Among those summoned are Chief of Cabinet Guillermo Francos, Economy Minister Luis Caputo, Justice Minister Mariano Cúneo Libarona and the head of the National Securities Commission, Roberto Silva, according to the official release from the Chamber of Deputies in Argentina. The resolutions passed with a comfortable majority but faced strong opposition, revealing a split across party lines.

“The time has come for Congress to audit whether there is any harm to Argentina: we have a commitment to the truth,” said Deputy Pablo Juliano, one of the initiative’s backers. Others, like Deputy Nicolás Mayoraz of the ruling La Libertad Avanza (LLA), pushed back, accusing lawmakers of assuming “powers that belong solely to the Judiciary” and politicizing the issue.

From the Civic Coalition, Deputy Maximiliano Ferraro said that society “has the right to know the truth” and that Congress’ duty was to “demand and investigate it.” Ruling party bloc leader Gabriel Bornoroni, at the close of the debate, suggested opposition lawmakers were “putting on a show.”

“I think it bothers them that we had a fiscal surplus throughout 2024 and that we’ll have one this year too — and that inflation continues to fall every month,” Bornoroni said. The LIBRA memecoin fiasco, research shows, destroyed over $250 million in investor wealth.

The token’s price surged shortly after being launched in early February after Milei promoted the project on X, saying it would “focus on encouraging the growth of the Argentine economy, funding small businesses, and Argentine ventures.»

Milei’s promotion saw various crypto addresses move in, allowing insiders to offload massive amounts of tokens on these investors to the point the token’s market capitalization then endured a 90% drop.

Disclaimer: Information gathered for this article was translated with the use of artificial intelligence.