Stock sell-off tanks Bitcoin price, but traders expect a bounce near $42K By Cointelegraph – Investing.com
- Date: 21-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Stock sell-off tanks Bitcoin price, but traders expect a bounce near $42K By Cointelegraph – Investing.com
The cryptocurrency market faced a fresh round of selling on Sept. 20 as global financial markets fell under pressure thanks to fears surrounding the potential default of Evergrande Group, a China-based real estate company whose collapse could send ripples across equities markets.
Data from Cointelegraph Markets Pro and TradingView shows that the early morning sell-off in (BTC) intensified into midday as the price dropped to a low of $42,493 before bulls managed to bid it back above $43,500.
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