Category: Evergrande

Did conflicting reports about Evergrande defaulting cause Bitcoin to tank?

November 11, 2021

Crypto Nanobot 0

Fears about the stock market and Tether’s reserves have also led some to believe that Bitcoin’s price could be in trouble. 10261 Total views 34 Total shares Conflicting news about whether Chinese property giant Evergrande had defaulted on its overdue loan payments emerged just before Bitcoin’s (BTC) recent price crash. Evergrande Group is China’s second-largest […]

Continue Reading

Ethereum price gets back to $3K as institutional investors pile into ETH futures

September 26, 2021

Crypto Nanobot 0

Ethereum’s native token Ether (ETH) staged a rebound on Sept. 26 following a massive decline earlier this week that saw its prices plunging to as low as $2,651 on Coinbase. The ETH/USD exchange rate rose 3.63% to hit an intraday high of $3,030. The upside move amounted to a 14.3% upside retracement from the pair’s […]

Continue Reading

Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels

September 22, 2021

Crypto Nanobot 0

Bitcoin (BTC) bounced from a second $40,000 retest on Sept. 22 as China calmed global market fears over Evergrande. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China keeps up Evergrande cash injections Data from Cointelegraph Markets Pro and TradingView saw BTC/USD trading above $42,000 Wednesday, with bulls still defending the psychologically significant $40,000 mark. The […]

Continue Reading

Evergrande crisis: Buy the dip or bail? Pundits weigh in

September 22, 2021

Crypto Nanobot 0

As the prospect of Chinese property giant Evergrande defaulting on $305 billion worth of debt looms, pundits are weighing in on how the firm’s bankruptcy could impact the legacy and crypto markets. Speculation as to whether the real estate investment giant will default has coincided with a downturn across the crypto and stock markets, leaving […]

Continue Reading

Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets

September 20, 2021

Crypto Nanobot 0

Bitcoin (BTC) investors seem concerned about the increasing speculation that China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets which saw a 1.5% to 3% drop at this morning’s market open.  Despite the price move, the BTC outflow (net withdrawals) from exchanges has […]

Continue Reading

Here’s why Bitcoin might be safe from a global stock market crisis

September 18, 2021

Crypto Nanobot 0

One of the reasons behind Bitcoin’s (BTC) volatility, the substantial price oscillations that occur regularly, is the discrepancy of its use cases. Some pundits deem it “digital gold,” a truly scarce and perfect store of value (SoV). Others consider Bitcoin a technology project or a type of software with a corresponding network. El Salvador’s adoption […]

Continue Reading