Bitcoin Coinbase Crypto Exchange: Market Unlikely to be Impacted by Genesis’ GBTC Sell-off
Despite market apprehension, Bitcoin Coinbase Crypto Exchange, a prominent player in the crypto world, anticipates that Genesis’ approved GBTC sell-off won’t shake the crypto market. Genesis, a bankrupted crypto lending company, has received the go-ahead to liquidate approximately $1.3 billion GBTC, causing concern for a potential Bitcoin price drop. However, the bitcoin coinbase crypto exchange asserts that majority of the funds will stay within the crypto ecosystem, thus, mitigating possible effects on Bitcoin’s price.
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