Bitcoin (BTC) lingered near $16,500 at the Nov. 23 Wall Street open as United States markets awaited Thanksgiving cues.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGrayscale, GBTC still dominate crypto mood
The pair left analysts guessing the day before U.S. markets closed for the Thanksgiving holiday, with crypto commentators still focused on Digital Currency Group (DCG).
Potential liquidity problems with DCG-owned Genesis Trading continued to agitate those already expecting further losses across Bitcoin and altcoins.
As Cointelegraph reported, concerns had already spread to doubt the future of the Grayscale Bitcoin Trust (GBTC), the largest Bitcoin institutional investment vehicle with assets under management worth over $10 billion.
On Nov. 22, ex-Grayscale CEO Barry Silbert released a letter to DCG shareholders, widely shared on social media, seeking to shore up morale.
“Not sure how to interpret the mixed reports around DGC,