Tuesday, April 23, 2024
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Will Evergrande’s collapse have a silver lining for crypto?

On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, the decision was favorable for Grayscale and its Grayscale Bitcoin

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The bright side of Evergrande’s collapse? More crypto volatility

As Evergrande Group, China’s heavily indebted property developer, files for bankruptcy in the United States, many are concerned about how this will impact the global economy and cryptocurrencies. The situation represents one of the largest debt faultings in the world and will have sizable ramifications.However, it shouldn’t come as too

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Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets

Bitcoin (BTC) investors seem concerned about the increasing speculation that China's second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets which saw a 1.5% to 3% drop at this morning's market open. Despite the price move, the BTC outflow (net

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