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On Wednesday, Bloomberg reported that Genesis, a CoinDesk sister company, was in confidential negotiations with various creditor groups, with Genesis warning it could seek bankruptcy protection if it fails to raise capital. Bitcoin’s price tumbled as low as $20,370, a roughly 5% drop from the previous day, after the U.S.
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"There is much interest in whether Chair Powell, who speaks at a Riksbank event, uses the opportunity to underscore the December minutes, which pushed back against the easing of financial conditions," one observer said. Original Source
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Ether followed BTC's Monday path to stick in its own two-week range between $1,150 and $1,230. The second largest crypto by market value was recently trading at about $1,215, a 1.3% gain from Sunday, same time. Other major cryptos spent the day largely in the green with XRP, the token
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