Cathie Wood’s ARK Invest increases its stake in crypto exchange Bullish by purchasing $10.2 million worth of shares. Bullish stock hits record low amidst a 46% decline in the past six months. Bullish set to report third-quarter earnings. Other crypto stocks like Marathon Digital and Riot Platforms also face sharp pullback amid market crash.

Circle, the stablecoin issuer, drops more than 6% as Coinbase, the largest US crypto exchange, closes down 7%. Bitcoin may be nearing a market bottom according to BitMine chairman Tom Lee and Bitwise CIO Matt Hougan. Market rout attributed to uncertainty over Federal Reserve rate cuts and various geopolitical concerns.

Read more at Cointelegraph: ARK Invest Buys $10M in Bullish as Crypto Stocks Slide