Genesis Trust Asset Sale Moves Forward
Genesis, a cryptocurrency lender, has submitted a motion for the sale of its trust assets to the U.S. Bankruptcy Court. The motion aims to approve the sale of assets such as Grayscale Bitcoin Trust shares. This move comes after Genesis offered a liquidation plan to reimburse clients in cash or bitcoin as part of an SEC settlement.
Bitcoin ETFs Face Due Diligence Hurdles
LPL Financial Holdings is conducting detailed due diligence on Bitcoin ETFs, which may delay their adoption. The review is assessing the risks and potential of the ETFs before allowing investments, impacting market sentiment and potential inflows into Bitcoin ETFs.
DOJ Targets Illegal Crypto Mining in School
The U.S. Department of Justice has charged two employees of a school district for allegedly running a cryptocurrency mining farm on school property. This incident may affect public perception of bitcoin operations as regulators closely monitor the energy usage of cryptocurrency miners.
Bitcoin Price Prediction
Bitcoin’s current technical landscape shows critical resistance levels at $43,457, $43,844, and $44,335, with support at $42,535, $41,950, and $41,395. The Relative Strength Index (RSI) indicates neutral market sentiment, while a symmetrical triangle breakout below $42,885 suggests a bearish outlook.
Top 15 Cryptocurrencies to Watch in 2023
Stay informed about digital assets by exploring our curated list of the top 15 alternative cryptocurrencies and ICO projects for 2023. Get expert advice and critical insights for your cryptocurrency investments.
Hot Take: Bitcoin Price Prediction as $8 Billion Trading Volume Floods In – Time to Buy?
With Bitcoin’s trading volume reaching $8 billion, many are considering whether it’s the right time to buy. Current Bitcoin price predictions indicate a slight decrease, but events such as the Genesis trust asset sale, due diligence on Bitcoin ETFs, and illegal crypto mining investigations create a complex picture for investors. Consider the technical landscape and market sentiment before making any investment decisions.
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