Why tether's links to China is dragging bitcoin price down and other cryptos alongside


Source: fnlondon.com fnlondon.com

Key Topics in this News Article:

News Snapshot:

[How Evergrande’s woes are hitting cryptocurrencies] Bitcoin fell sharply on 20 September as a wave of selling triggered by tumult in China’s indebted property sector hit the crypto markets. The world’s largest cryptocurrency was trading at about $43,489 at 5PM ET, down 8.6% from 17 September, according to CoinDesk. Other digital currencies tumbled too. Ether dropped 10% over the same period,...