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Crypto Markets Hold Steady in Face of Genesis Bankruptcy Filing

Crypto markets saw minimal volatility over the past 24 hours despite Digital Currency Group (DCG) subsidiary company Genesis Global Capital filing for Chapter 11 bankruptcy on Jan. 19.

Despite the blow, crypto markets were seemingly unfazed by the events. Over the last 24 hours, the total market cap dipped to as low as $962.17 billion on Jan. 19.

However, there were no sharp sell-offs in response to the news. Instead, after bottoming, the total market cap saw inflows that peaked at $984.96 billion in the early hours of the following day.

(By Samuel Wan)

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