Crypto Market Loses $250 Billion as Evergrande Fears Mount | Crypto Craft

  • Crypto Market Loses $250 Billion as Evergrande Fears Mount

    From blockworks.co

    Cryptocurrencies dipped lower Monday in a broad sell-off many analysts attribute to growing concerns over China Evergrande Group’s debt crisis and contagion fears. Cryptocurrency’s market capitalization fell below $1.9 trillion Monday morning, according to data from CoinMarketCap. Following a relatively positive weekend for digital assets, bitcoin fell below $45,000 and Ethereum has lost about 9% over the past 24 hours. “This weekend we saw a couple of the alternative layer-ones hit new all-time highs, specifically Avalanche and Cosmos, I do think that there was a fair bit of profit-taking, at least that’s ... (full story)

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Not-KPMG
Sep 20, 2021 3:10pm
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LOL.


So because China is bancrupted (or part of China) that's bad for Bitcoin how??
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Not-KPMG
Sep 20, 2021 3:12pm
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The stonks crashed 1-2%, losing Trillions dollllaaaaa.

Of all investors


Bitcoin's drop, as opposed to stonks, is specific crash, aimed to steal STUPID people's only money.


Wait a week we'll be up.
We - smart holders
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