January 26, 2024: Digital currencies have seen a notable increase in value during the European trading hours today, following a comparatively quiet session in Asia. Bitcoin has spearheaded this upward trend, breaking past the $41,000 mark to hit a peak of $41,250 at approximately 11:45 UTC. This surge represents an increase of roughly 2.6% over the past day. Meanwhile, the CoinDesk 20 Index, which monitors the top liquid cryptocurrencies by market cap, has also risen by about 1.6%.

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• Bitcoin’s price soars above $41,000, marking a 2.6% rise in a single day.
• ARK Investment Management rebalances its crypto portfolio, favoring the ARK 21Shares Bitcoin ETF over ProShares Bitcoin Trust ETF.
• Celo blockchain advances towards becoming a layer-2 network on Ethereum, with major industry players competing to partner on the project.

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Bitcoin’s Value Surges Past $41,000 in a Late-Week Jump 

Investment Shifts Noticed in Crypto Funds:

Ark Investment Management has been actively trading within the cryptocurrency fund space. The firm sold over 2.2 million shares of the ProShares Bitcoin Trust ETF (BITO), valued at roughly $42.8 million, from its Next Generation Internet ETF (ARKW). In contrast, it has acquired about 1.5 million shares of the ARK 21Shares Bitcoin ETF (ARKB), totaling an estimated value of $62.3 million. ARKW’s portfolio now contains a 5.98% weight in ARKB, valued at $91.4 million, while its BITO holdings have shrunk to a mere 0.46% weight at $7 million.

Celo Blockchain Seeks Evolution to Layer-2 Network:

The developers behind the Celo blockchain are making strides toward evolving the network into a layer-2 solution atop Ethereum. Tim Moreton, CEO of cLabs, hinted at a nearing conclusion to their search for suitable technology partners. Prominent industry names such as Optimism, Polygon, zkSync, and Arbitrum are in the running for this transition. While no timeline has been set, Moreton assures that they are moving swiftly towards a robust proposal.

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