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Bitcoin, Dogecoin, and Ethereum Fall In Backdrop of China Evergrande’s Debt Worth $300 Billion

September 22, 2021
Source: techcodex.com techcodex.com
News Snapshot:
Bitcoin, Dogecoin, and Ethereum Fall In Backdrop of China Evergrande’s Debt Worth $300 Billion Technology By Alex Smith On Sep 22, 2021 0 Share (adsbygoogle = window.adsbygoogle || []).push({}); Bitcoin prices have fallen below $45,000. This drastic change of 8 percent can be attributed to Chinese developer Evergrande’s debt of $300 billion, according to analysts. Although there’s no direct link between the property developer and cryptocurrency, many analysts are suggesting that the troubles in China’s property market could trigger a crypto crash as it would drive risk-aversion in investors. However, others see this as an opportunity—the President of El Salvador...
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