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Evergrande’s Economic Tremors Trigger Bank Run in Northern China
17.10.2023
Several reports say that the major Chinese real estate developer Evergrande’s downfall triggered a bank run in northern China last week. The bank run began after rumors spread that the financial institution, Bank of Cangzhou, allegedly loaned billions to the struggling company. This...
The bright side of Evergrande’s collapse? More crypto volatility
28.8.2023
Evergrande’s ongoing bankruptcy saga has significant macroeconomic implications — including for the global cryptocurrency market
Pro: Evergrande Group chapter 15 'indirectly influenced Bitcoin sentiment'
19.8.2023
In a surprising turn of events, the recent developments surrounding the Evergrande Group's Chapter 15 filing have reverberated beyond traditional finance, indirectly influencing the sentiment around Bitcoin (BTC) and the cryptocurrency market.
Around 9:35 pm UTC on August 17, the price of Bitcoin...
Why did Bitcoin drop? Analysts point to 5 potential reasons
18.8.2023
Bitcoin's price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop
China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk
26.8.2022
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid...
Crypto regulation is coming, but Bitcoin traders are still buying the dip
21.12.2021
The premium on CME Bitcoin futures dropped to zero, but data shows pro traders are still bullish
Bitmex Co-Founder Arthur Hayes Recommends “Wait and See” Approach for Cryptocurrency Investors
15.12.2021
Bitmex co-founder and cryptocurrency investor Arthur Hayes has addressed the current state of the market with the effect the U.S. Federal Reserve’s upcoming tapering process may have. Hayes also links this with the Evergrande situation in China and advises cryptocurrency newcomers to hold...
2 key Bitcoin trading metrics suggest BTC price has bottomed
12.12.2021
Bitcoin price has yet to reclaim the $50,000 level, but the actions of options market makers and margin traders at Bitfinex suggest the most recent correction is over
Bitcoin dips below $50K as Evergrande defaults on US dollar debt
9.12.2021
Fresh panic over Evergrande appears to have a limited impact on cryptocurrency markets
China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days
11.11.2021
In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts,...
Did conflicting reports about Evergrande defaulting cause Bitcoin to tank?
11.11.2021
Fears about the stock market and Tether's reserves have also led some to believe the Bitcoin price could be in trouble
Ethereum price gets back to $3K as institutional investors pile into ETH futures
26.9.2021
Ethereum prices recovered on Sunday amid a market-wide upside correction while receiving an additional upside boost from a bullish JPMorgan & Chase report
Rich Dad Poor Dad Author Calls Evergrande a ‘House of Cards’ While China’s Officials Prep for Firm’s Demise
23.9.2021
The world is still focused on the financial downfall of China’s real estate giant Evergrande and according to Chinese authorities have told the private sector to get “ready for the possible storm.” Reports show that even though the People’s Bank of China already provided...
Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K
23.9.2021
Meanwhile, the amount staked in Ethereum 2.0 smart contracts reached over 7.75 million ETH
Axie Infinity (AXS) gains over 45%, but 'death cross' fears persist
23.9.2021
AXS may form a death cross between its 20-day and 50-day exponential moving averages despite the latest rebound
Too 'grande' to fail — Bitcoin price stumbles at $44K as China plans for Evergrande's implosion
23.9.2021
Predictions include a short-term low at $42,000 as overnight progress turns into consolidation
Avalanche recovers from Evergrande-led selloff as AVAX rebounds over 30%
22.9.2021
The sharp bounce back in Avalanche market yet faces risks of exhaustion as the price forms a bearish wedge setup
Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels
22.9.2021
The Chinese property developer will soon be a "non-event," one analyst says, with markets already shrugging off the story
Evergrande: Buy the dip or bail? Pundits weigh in
22.9.2021
Marty Bent, the co-founder of Bitcoin mining firm Great American Mining, is glad to be hodling Bitcoin as uncertainty hangs over the legacy financial system
Traders buy the Bitcoin dip even as Evergrande's implosion rocks stock markets
21.9.2021
The Evergrande fiasco appears to be driving the correction in global stock markets, but data shows this isn't deterring pro traders from buying the BTC dip