Maybe the short-time correction for Crypto is over

The cryptocurrency market added 0.75% to 976 billion in the past 2 hours and Bitcoin rose by the same amount to retest $21,000. The former cryptocurrency corrected to a 76. percent rally from its December low to this week’s high. It cannot be ruled out that this is the end of the shake-up. Such low pullbacks are normal in strong bull markets in stocks or other assets. btc, Bitcoin Confirmation that Bitcoin is rising again in the crypto market is the recent high of $21,6000, paving the way for the $2 ,6000 161.8% Fibonacci, where the 200 week moving average will also pass. News background crypto lending platform Genesis Global Capital, which belongs to the Digital Currency Group (DCG), is preparing to declare bankruptcy. According to sources familiar with Bloomberg, the company will do so in the coming days as Genesis’ debt level rises to $3 billion. Genesis’ problems stemmed from the failure of hedge fund Three Arrows Capital in June, compounded by the collapse of FTX. DCG is considering selling its subsidiary CoinDesk. The US Department of Justice has arrested Anatoly Legkodymov, the founder of the cryptocurrency exchange platform Bitzlato, on charges of laundering $700 million related to the closed darknet marketplace Hydra. Banking group National Australia Bank (NAB) has announced plans to launch an Australian dollar-linked AUDN stablecoin with a full guarantee. AUDN will be launched on Ethereum and Algorand in the middle of the year. The Spanish central bank, in collaboration with the fintech company Monei, will test the EURM, a stablecoin linked to the euro, over the next 6-12 months.

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