<br><div><a target="_blank" class="article__lead-img--wrapper" href="https://news.google.com/alex-dovbnya" rel="noopener"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2019-11/alex-m-ava.jpg" class="author__item-user-avata"/> </a> <div class="article__lead-info"><a target="_blank" class="article__lead-name" href="https://news.google.com/alex-dovbnya" rel="noopener">Alex Dovbnya</a> <p>Bitcoin has plunged to yet one more two-year low as cryptocurrency disaster continues to worsen</p> </div> </div><div> <p>Former BitMEX CEO Arthur Hayes has doubled down on his $10,000 Bitcoin value prediction in <a target="_blank" rel="nofollow noopener" href="https://twitter.com/CryptoHayes/status/1594812871153786880"><u>a recent tweet</u></a>.</p> <p>This comes after cryptocurrency agency Genesis, a subsidiary of Barry Silbert's Digital Foreign money Group, has reportedly began warning about probably dealing with chapter with out funding.</p> <p>"Nicely that is the top of that. Now all my pals in restructuring shall be asking if I do know anybody at Genesis I can join them with," Hayes commented.</p>

<p>As <a target="_blank" href="https://u.today/bitcoin-extends-losses-as-genesiss-lending-arm-halts-withdrawals" rel="noopener"><u>reported by U.Today</u></a>, Genesis's lending arm was pressured to droop withdrawals on Nov. 16 after allegedly failing to safe $1 billion in recent funding.</p> <p>For now, nevertheless, Genesis says that it doesn't plan to file chapter. The agency has now lowered its bailout goal to $500 million, in keeping with The Wall Road Journal.</p> <p>Crypto big Binance has reportedly handed on a possible deal out of concern that this might create a battle of curiosity.</p> <p>As <a target="_blank" href="https://u.today/arthur-hayes-is-ready-to-buy-bitcoin-at-10000" rel="noopener"><u>reported by U.Today</u></a>, Hayes stated that he was prepared to purchase Bitcoin at $10,000 after Genesis's lending arm introduced the suspension of withdrawal.</p> <p>On Monday, the value of Bitcoin dropped to a brand new two-year low of $15,479 on the Bitstamp alternate.</p> </div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>