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Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains

Most digital assets traded lower on Wednesday as another crypto firm gets hit by the FTX contagion, although institutional investors may be looking for bargains.

By Helene Braun, Jocelyn Yang

Updated Nov 16, 2022, 8:02 p.m. Published Nov 16, 2022, 7:41 p.m.

Bitcoin and most other digital assets declined on Wednesday after crypto financial firm Genesis Global Capital announced that it was temporarily suspending redemptions and new loan originations. (Source: CoinDesk)