22 Nov 2022
Falling activity and falling pricesFalling activity and falling prices
- BTC falls a further 8% to $15,747
- CME's market share grows
- Genesis in trouble. GBTC discounts widens further
The crypto market continues to face headwinds as Genesis halts withdrawals while seeking an emergency raise due to illiquid assets on Genesis’s balance sheet. In the current shaky environment, BTC has stabilized but reached new multi-year lows on Monday and has seen a 5% downside in the last week.