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Too ‘grande’ to fail — Bitcoin price stumbles at $44K as China plans for Evergrande’s implosion

News Snapshot:

Bitcoin ( BTC ) faced stiff resistance above $44,000 on Thursday, Sept. 23, as China told governments to prepare for property giant Evergrande to collapse. Buyers line up to snag sub-$40,000 BTC Data from Cointelegraph Markets Pro and TradingView showed volatility continuing for BTC /USD Thursday. The pair had seen a solid recovery overnight, this fading at what was previous support just above $44,000. At the time of writing, the pair traded at around $43,700, dipping as news hit that China was briefing governmental structures on Evergrande’s financial fallout. Signals remain mixed over the troubled firm, shares of which jumped…

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