Bitcoin Holds Steady Near $21K Even as Equities Slide

On Wednesday, Bloomberg reported that Genesis, a CoinDesk sister company, was in confidential negotiations with various creditor groups, with Genesis warning it could seek bankruptcy protection if it fails to raise capital. Bitcoin ( $75,204.00 ) ’s price tumbled as low as $20,370, a roughly 5% drop from the previous day, after the U.S. Department of Justice foreshadowed an announcement that it was charging Hong Kong-based crypto exchange Bitzlato with laundering $700 million.