China Evergrande’s Financial Crisis Triggered Monday’s Sell-off, Crypto Prices Follow the Slump


Source: bitcoinethereumnews.com bitcoinethereumnews.com

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The digital currency industry printed a bearish fall-off for the better part of Monday, the first trading day of the week. The slump was notably fueled by the financial crises of China Evergrande, the Asian giant’s largest property developer. The Crux of the Matter and Crypto’s Response China Evergrande is facing a major liquidity crisis, grave enough that the Hong Kong stock market has plummeted with Evergrandeh. Hang Seng Index has fallen as much as 3.3% on Monday. While battling a debt of about 2 trillion Chinese Yuan (about $300 billion), the crisis is currently projected to send a ripple...