1169: BITCOIN FACES $15K CRASH AS CRYPTO LENDER GENESIS FILES FOR CHAPTER 11 BANKRUPTCY!!

Bitcoin will be just one of the risk assets that “crater” as the Federal Reserve is forced to abandon quantitative tightening in future, the ex-BitMEX CEO Arthur Hayes warns. If that means a retest of the 2022 lows, the area between $15,000 and $16,000 will be a key zone of interest going forward. Meanwhile in other breaking crypto news today: Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York. Learn more about your ad choices. Visit megaphone.fm/adchoices