Category: Evergrande

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

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

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 […]

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

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

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 […]

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