The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Bitcoin and Ethereum Prices Tumble 5% After Evergrande, Kaisa Default in China

News Snapshot:

Live Updated Worldwide News Related To Bitcoin, Ethereum, Crypto, Blockchain, Technology, Economy. Updated Every Minute. Available In All Languages. Just when things were starting to look up for investors, crypto markets headed back down faster than Chinese home sales. The price of Bitcoin and Ethereum both fell more than 5% in 24 hours as the total cryptocurrency market capitalization lopped off nearly 6% of its value, according to data from CoinGecko. Stock prices, too, were trending lower after Chinese real estate developers Evergrande and Kaisa were unable to make scheduled U.S. dollar bond payments. Bitcoin is having a dreary December….

Other China Tech Buzz: