The largest cryptocurrency by market capitalization was recently trading as high as $22,387, up 5.4% over the previous 24 hours, shrugging off the announcement late Thursday that Genesis Global Holdco LLC, the parent company of troubled cryptocurrency lender Genesis Global Capital, had filed for Chapter 11 bankruptcy protection late Thursday (Genesis and CoinDesk are owned by Digital Currency Group).
Bitcoin Soars Over $22K to Reach Four-Month High
