Bitcoin clings to $17K as ARK flags ‘historically significant capitulation’

Bitcoin (BTC) and decentralized blockchains are “as strong as ever” in the wake of the FTX meltdown, ARK Invest says.

In the latest edition of its monthly newsletter, “The Bitcoin Monthly,” the investment giant came out firmly bullish on BTC.

ARK: FTX scandal may be “most damaging event” ever

With BTC price volatility ebbing into December, the industry is still reeling from ongoing FTX contagion.

As lawmakers only begin to get to grips with the events, when it comes to Bitcoin, ARK is…


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