China Evergrande New Energy Vehicle : Bitcoin attempts recovery as Evergrande-led selloff eases


Source: marketscreener.com marketscreener.com

Key Topics in this News Article:

News Snapshot:

(Reuters) - Cryptocurrency prices bounced off 1-1/2 month lows on Tuesday as a heavy selloff overnight linked to concerns about a possible loan default by property developer China Evergrande eased slightly, but investors braced for more volatility. Bitcoin, the biggest and the best known cryptocurrency, traded around $43,000, recovering from a fall to $40,192 earlier in the session. It hit a four-month high of $52,000 on Sept 6. 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 on a...