Bitcoin, Crypto Stocks Are Under Pressure. Cathie Wood's ARK Buys More Robinhood Shares. — Barrons.com
By Callum KeownBitcoin, other cryptocurrencies and stocks exposed to digital assets remain under severe pressure. But there's a growing appetite for buying the dip.Bitcoin was trading at $92,141 early in the day, up around 2% over the past hours after slipping below $90,000 at one point on Thursday. Uncertainty over whether the Federal Reserve will keep cutting rates and a tech selloff after Oracle's earnings hit cryptocurrencies.Digital assets were attempting another tentative rebound Friday after the S&P 500 and Dow Jones Industrial Average indexes both closed at record highs in the previous session.But Bitcoin remains 27% off its record high of above $126,000 reached in early October and is down 1% in 2025.ARK Invest's Cathie Wood also seems to be backing a crypto comeback. Wood's fund bought another 124,427 shares of brokerage platform Robinhood Thursday across two of its exchange-traded funds. The stock is the seventh largest holding in the ARK Innovation exchange-traded fund (ETF), making up 4.4% of the fund's weight and valued at $351.5 million, according to ARK's website.Other crypto-related stocks are high up on the list — exchange platform Coinbase is the ETF's fourth biggest holding, while stablecoin issuer Circle Internet, networking company Bitmine Immersion and CoinDesk owner Bullish all make the top 20.Robinhood's shares tumbled 9% Thursday after the brokerage platform said trading volumes fell in November compared to October. Equity trading volumes tumbled 37% month-over-month to $201.5 billion, while crypto volumes slipped 12% to $28.6 billion — both are up double-digits year-over-year, though.Ethereum, the second largest crypto, rose 1.5% to $3,245, while popular altcoin XRP climbed 0.9% to $2.04.Write to Callum Keown at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.