Bullish Indicator: Bitcoin Shakes Off Genesis Bankruptcy Filing

Bullish Indicator: Bitcoin Shakes Off Genesis Bankruptcy Filing


Bitcoin has not moved as expected despite the news of Genesis, one of the largest crypto lenders in the world, filing for bankruptcy. This lack of negative movement from bitcoin in response to the news could cement the digital asset’s path to the upside in the coming weeks.

Bitcoin Remains Unfazed By Genesis

Despite the dreaded news of a Genesis bankruptcy finally becoming a reality, the price of bitcoin has not reacted negatively. In fact, the digital asset has barely responded to the news at all and continues to trade around the $20,900 level.

What this shows is that the news of the Genesis bankruptcy was already priced into the price of the asset. It is understandable given that the crypto lender had been considering

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend