November 17 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart


Bitcoin is down 1.64% over the last 24 hours and fell to an intraday low of $16,363.63. The largest cryptocurrency attempted to recover after a few days of decline but the recovery ended quickly, suggesting that investors continue to maintain a risk-off stance. The relative strength index (RSI) is in the negative territory and the Crypto Fear and Greed Index is in extreme fear territory, suggesting the market sentiment is weak.

Today’s Cryptocurrency Headline

Genesis Trading’s Lending Unit Halts Customer Withdrawals

The lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations, interim CEO Derar Islim told customers on a call Wednesday. Genesis is looking at solutions for the lending unit, including finding new sources of liquidity and intends to detail its plans to clients next week. In addition, Derar Islim said that Genesis's trading and custody business operates independently and will not be affected.

Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.