Genesis Trading Unloads More Bitcoin To Coinbase, BTC Recovery In Jeopardy?

Quick Summary:

Genesis Trading, a major industry player currently navigating bankruptcy proceedings, continues to liquidate substantial Bitcoin holdings.

In a move that has caught the attention of investors and analysts alike, the company has transferred 600 Bitcoin (BTC) to Coinbase, valued at approximately $37.72 million.

According to Arkham monitoring, Genesis Trading still holds significant cryptocurrency reserves, including 32,256 BTC and 113,604 ETH, with a combined value of approximately $2.43 billion.

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Article Details

Category: Crypto

Markets: India

Topics: Genesis trading 24/7 Cryptocurrency News Bitcoin News Bitcoin Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 15:34:12 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21630489

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 33 posts per day

Year Established: 2017

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News Last Updated: 12 hours ago

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