Evergrande’s bankruptcy crisis in China affects the cryptocurrency market…Bitcoin and Ethereum fall together

Growing investor fear along with the bankruptcy crisis of Chinese real estate company Evergrande has also affected the virtual asset market. In the current cryptocurrency market, both Bitcoin (BTC) and Ethereum (ETH), which have firmly maintained the No. In addition, as of September 20, the stock price of the Evergrande Group plunged more than 10% on the Hong Kong Stock Exchange.

Pankaj Balani, CEO of cryptocurrency derivatives exchange Delta Exchange, said: “Investors are concerned that the Evergrande Group’s bankruptcy crisis will lead to systematic problems in the global market, so they want to avoid the risk.” said.

On the other hand, as of 8:02 pm on September 20, the price of Bitcoin is $44,466.01, down 7.25% from the previous day, and the price of Ethereum is $3,120.38, down 8.2% from the previous day. In addition, the ‘crypto fear and greed index’ estimated by Alternative, a cryptocurrency data provider, is 50 points, which corresponds to ‘neutral’. The fear and greed index is data that quantifies the speculative psychology of cryptocurrency investors from 0 to 100. The closer to 0, the more extreme fear, and the closer to 100, the more extreme greed.

The post Evergrande’s bankruptcy crisis in China affects the cryptocurrency market…Bitcoin and Ethereum fall together appeared first on Archyde.

Source link

Leave a Comment