The uncertainty surrounding the Chinese real estate company Evergrande is putting pressure on the crypto market. Potential Bitcoin panic sales could cause further price drops.
The fear of a possible bankruptcy of the real estate developer Evergrande from China and the effects on China’s economy and other markets has finally hit the crypto sector. After a drop of eight percent to below 43,000 US dollars on Monday, the Bitcoin price fell to 40,500 dollars on Tuesday.
Impending real estate crisis puts pressure on the crypto market
The current bad mood on the financial markets is affecting cryptocurrencies as it is a relatively new asset class ... Read even more
