Bitcoin tumbles to fresh lows as Genesis denies imminent bankruptcy

Bitcoin briefly tumbled to its lowest level in two years on Monday after Bloomberg News reported that Genesis, the digital-asset brokerage and lender, has told investors it could be forced to file for bankruptcy if its current fundraising efforts are unsuccessful.

The price of bitcoin
BTCUSD,
+1.16%

tumbled to $15,615 on Monday after Bloomberg published its report, its lowest level since November 2020, according to CoinDesk.

A…

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