News Snapshot:
Cryptocurrency Market Collapses Over China Fears Linked to Real Estate Developer Evergrande Australia By Merry On Sep 21, 2021 Share Global demand for cryptocurrencies has fallen as the potential collapse of China’s second-largest apartment developer, Evergrande, scares investors. Bitcoin, the benchmark blockchain denomination, plummeted from $AUD 64,700 overnight to a four-month low below $56,000. A plethora of ‘ghost town’ condominiums in China raise fears of major economic hardship if the conglomerate collapses. The Australian stock market and major miners are not alone in being hit by the fall, with the global cryptocurrency market collectively losing $344 billion since Monday night,...
