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Cathie Wood’s China Bet: Ark Buys Alibaba’s AI Surge And Baidu’s Autonomous Future, Dump’s Stock Of Crypto-Pivot Brera

On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Baidu Inc. (NASDAQ: BIDU), Alibaba Group Holding Ltd. (NYSE: BABA), and Brera Holdings PLC (NASDAQ: BREA). The Baidu Trade ARK Innovation ETF (BATS: ARKK) purchased 52, 388 shares of Baidu. The trade, valued at approximately $6. 9 million, comes amid Baidu’s aggressive expansion of its Apollo Go robotaxi business into new markets. Baidu is in talks with governments in Australia and Southeast Asia to introduce its autonomous vehicles. This expansion follows the granting of 50 trial licenses in Dubai, allowing Baidu to expand its fleet in the UAE, according to a recent report. The Alibaba Trade ARKK acquired 23, 538 shares of the Jack Ma-founded company. The transaction, valued at around $4. 1 million, aligns with Alibaba’s recent stock performance, which has been buoyed by its push into cloud computing and .

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Motilal Oswal Mutual Fund Buys Shares Of Precision Engineering Firm Bharat Forge Worth ₹378 Crore Through Open Market Transaction

The shares were acquired at an average price of Rs 1,217.32 apiece, taking the transaction value to Rs 377.73 crore.Details of the sellers of Bharat Forge’s shares could not be ascertained on the National Stock Exchange (NSE).Shares of Bharat Forge rose 0.94 per cent to close at Rs 1,192.20 apiece on the NSE.

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ARK Invest Forecast Highlights $25 Trillion Crypto Market Cap, Here’s How Much Ethereum And XRP Will Be

Ark Invest, an American investment management firm, has recently shared a long-term forecast that envisions the Ethereum (ETH) price reaching the six-digit territory if the total crypto market capitalization surges to $25 trillion. Ark Invest also notes that Ethereum stands to be one of the biggest winners in this scenario, with XRP also set to [.].

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Analysts Predict Dogecoin Price Will Explode: Why The $1 Mark Is Inevitable

Crypto analysts Kaleo and Mags have predicted that the Dogecoin price will witness a parabolic run, with the potential to reach the $1 mark. This comes amid the top meme coins downtrend, which puts it at risk of retesting the $0. 2 mark. Dogecoin Price Eyes Parabolic Rally To $1 In an X post, Kaleo declared that the Dogecoin price will rip to new highs from its current level. He further remarked that it is only a matter of time before prices catch up with institutional interest coming from DOGE treasury companies and ETFs. In line with this, he advised market participants not to sleep on the king of memes. Related Reading: GROK AI Predicts How High Dogecoin Price Will Be If Bitcoin Hits $10 Trillion Market Cap Meanwhile, crypto analyst Mags indicated that the Dogecoin price could rally to as high as $1 on this projected parabolic rally. He suggested that there is no way that the father of all meme coins, which is supported and shilled by Elon Musk, wouldnt be able to pull a 3x increase in this market cycle. Mags asserted that the bull run is dedicated to meme coins and that the Dogecoin price will lead the meme coin supercycle round 2. It is worth mentioning that Elon Musks lawyer, Alex Spiro, is the Chairman of CleanCore, the foremost DOGE treasury company, which is looking to acquire up to 1 billion coins. The company already holds over 600 million DOGE. As Kaleo noted, institutional interest has also picked up following the launch of REX-Ospreys Dogecoin ETF, which became the first meme coin ETF to launch. The Dogecoin price had notably surged above $0. 3 ahead of the ETFs launch. However, it has been on a downtrend since the fund launched, indicating that this was a sell the news event. DOGE is down over 12% since then, a development which also comes amid a broad crypto market downtrend. DOGE Will Reach Its ATH At The Minimum Crypto analyst Javon Marks has predicted that the Dogecoin price will reach its all-time high (ATH) of $0. 73 at the minimum. He claimed that, based on historical trends, up next for DOGE is a rally of over 195%, which will send the meme coin to a new ATH above $0. 739. His accompanying chart suggested that DOGE can reach the psychological $1 level in the process. Meanwhile, crypto analyst Kevin Capital highlighted how the Dogecoin price rallied 400% to $0. 48 within a short period last year. He noted that crypto does nothing until it does something, and that it requires an incredible amount of patience and skill. However, the analyst emphasized that anyone can pull off the biggest trade if they can identify and have the conviction to buy at the lows, suggesting that it may be a good time to buy the dip. Related Reading: Dogecoin Price Could Break Into Double-Digit Rally From This Fibonacci Level At the time of writing, the Dogecoin price is trading at around $0. 235, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview. com.