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Bitcoin (BTC-USD) is on track to end the week over 13% higher, despite yet another cryptocurrency firm falling victim to the recent downturn in the digital asset market.
The parent company of troubled crypto lender Genesis filed for bankruptcy, buckling under losses from the collapse of FTX and Three Arrows Capital.
Markus Thielen, head of research at crypto services provider Matrixport, said the market appears to have priced in the Genesis…
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