Bitcoin, Ether Hold Steady After Genesis' Bankruptcy, Crypto Traders Say Bad News Was Priced In

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Bitcoin holds steady after crypto lender Genesis filed for bankruptcy, crypto experts said that the news was expected and priced in advance. Reports godbole17.

from YCharts. Grayscale, Genesis and CoinDesk are independent subsidiaries of the Digital Currency Group .

"Everyone knew it was coming," Mike Alfred, a value investor and founder of digital assets investment platform Eaglebrook Advisors, said, referring to the steady price action in the market. That said, the market could continue to show resilience to bad news, considering the lack of sellers in the market, asBesides, the crypto market has seen a bull revival this month, with bitcoin and ether gaining 27% and 29%, respectively and sophisticated traders"Transaction volumes have started to rise again on the Ethereum blockchain and this has resulted in crypto outperforming traditional assets, such as U.S. stocks, by +25% since the beginning of the year," Thielen noted.

Source: Digital Coin News (digitalcoinnews.net)

 

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godbole17 It’s holding its price well because I just farted. Nothing to do with anything else. Get facts straight. 😘

godbole17 Crypto markets remain stable despite news of crypto lender Genesis filing for bankruptcy, according to experts. The market appears to have already priced in this development prior to the announcement, showing a resilience within

godbole17 stealing money shows himself and his company bankrupt !!! there is no such thing called assurance in this sector anyway!!!! YOU WILL KILL them with their families without even throwing them in jail!!!

godbole17 Every Crypto is steady, depending on the perspective, even Genesis is steady falling 😅

godbole17 Good day fam. Please I need an assistance with my school fees. Someone please come to my rescue.

godbole17 there’s no such thing as a crypto expert, only a true fucking idiot would call themselves that

godbole17 Narrative is changing fast. Decoupling is happening. Gold and Gold 2.0 are amounting in the pockets of FIAT phobics. Hegde, insure thy self...

godbole17 You tried but you failed 🤮🤮

godbole17 So now that you will be sold, would you post less paid FUD posts?

godbole17 Narrator: it was

godbole17 It is not tho.

godbole17 🤩been 👀 👑!

godbole17 👀

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