Genesis / DCG: All Cool Again? Bitcoin Investors Should Be Cautious

The Bitcoin price plunged to a new bear market low at $15,487 on Monday after rumors intensified that Genesis Trading and Digital Currency Group (DCG), which also owns Grayscale with its 635,000 BTC strong GBTC, would go bankrupt.
Since then, the Bitcoin price is recording a relief rally. At press time, Bitcoin was trading at $16.598 and faced the crucial resistance zone at $16,000. If this resistance is overcome, a quick candle towards $17,500 to $18,000 could be on the table.
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