First Mover Asia: Altcoin Short Squeeze Brings Green Shoots to Dormant Crypto

According to Bloomberg, officials with the U.S. Department of Justice's Eastern District of New York and the U.S. Securities and Exchange Commission are examining transfers between Digital Currency Group and the conglomerate's Genesis subsidiary.

Genesis and CoinDesk are both owned by the parent company Digital Currency Group. Bernstein's Gautam Chhugani weighed in. Meanwhile, bitcoin decisively pushed past $17,000, appearing to break out of a three-week range. Plus, CoinDesk Research Associate George Kaloudis and Galaxy Digital Head of Firmwide Research Alex Thorn shared their 2022 crypto year in review research.

thesamreynolds _franvela Squeeze the Bears

thesamreynolds _franvela Squeeze the Bears

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First Mover Asia: Bitcoin Eclipses $17K, Breaking Out of Three-Week Trading RangeSince mid-December, bitcoin had failed to finish a trading day (universal coordinated time or UTC basis) over $17,000, and now analysts wonder if the largest cryptocurrency has formed a market bottom after a horrendous 2022. Liqquidity startofbullrun spread the news Liqquidity Well 80% to bottom would have been 13k. Did it get there? Liqquidity It looks like the DeFi industry might have found a long-term bottom after the bearish market in early 2021. But DeFi should continue to grow and innovate, making it the top crypto asset class for years to come. Hodl On!
Source: CoinDesk - 🏆 291. / 63 Read more »