Crypto wrap: Market up but Gemini-DCG fiasco poses threat, say experts

Co-Founder of crypto exchange Gemini Cameron Winkelvoss gave a soft ultimatum to Digital Currency Group (DCG) CEO Barry Silbert to collaborate on repaying Genesis by January 8

In the first week of 2023, the cryptocurrency market showed a slight recovery. From $790 billion on December 31, the market cap of the crypto market rose to $814 billion, according to data from CoinMarketCap. Bitcoin was up a marginal 1.82 per cent to $16,801 and Ethereum was up nearly 5 per cent to $1,250.

"The broader crypto market picked up momentum mid-week due to the holiday season. Bitcoin traded at the $16,584 level in the earlier days, and now it trades above the $16,800 level. Bitcoin had been trading within a narrow range between $16,256 and $17,061 over the