Bitcoin recovery as Evergrande-led sale in China eases: report


Source: uktimenews.com uktimenews.com

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Cryptocurrency prices rebounded from 1.5-month lows on Tuesday as a strong overnight sell-off over concerns about a possible default from property developer China Evergrande eased slightly, but investors have braced themselves for more volatility. Bitcoin, the largest and most well-known cryptocurrency, traded around $ 43,000, recovering from a drop to $ 40,192 earlier in the session. It peaked at $ 52,000 in four months on September 6. The smaller rival Ether, the coin linked to the Ethereum blockchain, rose 1% to $ 3,012 after falling below $ 3,000 for the first time since early August. Global markets started the week...