🚨 Bitcoin Drops to $57K Amidst Genesis Restructuring Fallout 🚨
Bitcoin has plunged to $57K, raising concerns across the crypto community. This drop coincides with Genesis completing its restructuring and beginning the distribution of $4bn in digital assets and USD to creditors. Weak economic data and fears of a potential U.S. recession with high interest rates are adding to the turmoil.
Key Points:
🔹 BTC Creditors: 51.28% recoveries in BTC
🔹 ETH Creditors: 65.87% recoveries in ETH
🔹 Altcoin Creditors: 87.65% recoveries
🔹 Solana Creditors: 29.58% recoveries
🔹 USD/Stablecoin Creditors: 100% recoveries in USD
Is there a connection? Speculations are rife. 💬 Share your thoughts below!
