Another decline in the cryptocurrency rate is associated with the news about the possible bankruptcy of the digital asset broker and lender Genesis.
The rate of the world’s most popular cryptocurrency Bitcoin set a new anti-record for the past two years. This is evidenced by data from the exchange CoinDesk on Tuesday, November 22.
As of 7:40 London time, Bitcoin had fallen in price by almost 2% and was trading at $15,683. Meanwhile, the cryptocurrency’s lowest price in the last 24 hours is $15,480 and its highest is $16,249.
The Bitcoin market capitalization is at $301 billion.
Another decline in the cryptocurrency is due to the news that digital asset broker and lender Genesis told investors that it may be forced to declare bankruptcy. Genesis also publicly disclosed that it had a $175 million investment in the now-bankrupt cryptocurrency exchange FTX.
Also, Western analysts are predicting that Bitcoin will fall to the level of $13,000.
Meanwhile, the number of cryptocurrency bets has doubled since 2021, a sure sign that Bitcoin gambling is flourishing. Not surprisingly, leading best bitcoin casino are now switching to bitcoin games or trying to combine bitcoin and fiat money gambling.