Bitcoin prices continued to rise over the weekend, as traders appeared to shrug off news of another crypto bankruptcy. Instead, they appeared to be betting that the Federal Reserve would soon cut interest rates.

The bankruptcy filing of Genesis Global Capital LLC last week marked the end of an era for crypto lenders who tried to bring the centuries-old business model of banking to the digital-currency space.

Digital Currency Group has shut down its wealth-management division, indicating further trouble in the crypto industry which has been experiencing a prolonged slump.

Cameron Winklevoss, co-founder and president of digital currency exchange Gemini, has accused the head of crypto conglomerate Digital Currency Group of engaging in "bad faith" tactics.