Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets By Cointelegraph – Investing.com

Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets By Cointelegraph – Investing.com

(BTC) investors seem concerned about the increasing speculation that China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets, which saw a 1.5%–3% drop at this morning’s market open.

Despite the price move, the BTC outflow (net withdrawals) from exchanges has continued a multi-month trend, particularly on Coinbase (NASDAQ:) Pro.

Continue Reading on Coin Telegraph