China shortly before financial crisis like 2008 – “This is good for Bitcoin” (BTC) was able to defend the US $ 48,000 mark on Thursday morning after a case similar to the bankruptcy of the infamous investment bank Lehman Brothers is currently taking place in China, which in turn lifts the mood on the crypto market. Bitcoin price chart (Bitstamp). Source: TradingViewTether untouched by Evergrande As the data from Cointelegraph Markets Pro and TradingView show, is currently just under 48,000 US dollars. Although the march towards US $ 50,000 is not quite as powerful as analysts had hoped, the onset of a possible financial crisis in China is providing new tailwinds for crypto investors. Read on on Cointelegraph Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
CNY - Chinese Yuan Renminbi