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The Heschreite BTC has fallen; Genesis thinks about bankruptcy

Posted on January 6, 2023

The Heschreite BTC has fallen; Genesis thinks about bankruptcy

On Monday, the US promotion fell, as the Fed’s officials again announced a decisive intention to take control of inflation. Benchmarks of shares of technological companies closed at a reduced level – it is not known whether the rate https://gagarin.news/news/sudo-rare-developers-stole-815-000/ of increase in the rate will be slow. The dollar is growing for the third day in a row, since investors need reliable assets.

On Monday, the cryptocurrency market staggered – large participants fell below key support levels. Investors continue to face the consequences of FTX collapse. BTC fell below the level of $ 15,500, reaching the lowest value in two years, and then fixed at $ 15,800. As soon as the support level of $ 15,500 will be broken, the price of BTC will most likely enter the zone of uncertainty with several walls to a level of $ 13,500. This price is dangerously close to the cost of mining. At the same time, from the moment of the last change in complexity, the overall shit BTC on the network fell by 15–25%. Perhaps several large miners have turned off.

ETH is trying to protect the level of $ 1100, decreasing by 1.6% over the past 24 hours. The maximum interest in the short products of ETH is noted. This is due to the cooling of the market due to recent sales of the FTX hacker. Altcoins with medium and large capitalization behave differently. APE token challenged the market and rose by 8% for the same period of time.

The whole city is buzzing about this

Last week, Genesis Global Capital has stopped lending services. Her efforts to raise funds were unsuccessful. According to WSJ, one of the organizations addressed by Genesis Global Capital decided not to invest due to a possible conflict of interest. The company warned about the risk of bankruptcy, despite the fact that “it does not plan to declare bankruptcy soon”. Genesis began financial problems on November 16, when the company announced on Twitter about the suspension of repayment and issuing new loans. Genesis explained its decision with a large number of requests for withdrawal of funds after a sudden collapse of FTX. This was the last public statement of the company, the subsequent silence gave rise to many fears-another cryptocurrency giant may suffer from the chain reaction formed due to FTX.

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