How Did the Bankruptcy of Evergrande Affect the Cryptocurrency Market? The Latest Situation in Bitcoin and Altcoins


Chinese real estate giant Evergrande, which announced it was pulling its bankruptcy flags the other day. Along with this announcement of Evergrande crypto currency there have been sharp declines in the market. Bitcoin (BTC) and altcoinhow were the ’s affected by this situation? Here are the details;

Bitcoin Has Deleted 5,000 Dollars

The leading cryptocurrency Bitcoin (BTC), while continuing its rise over the last few days, touched an all-time high of $69,000 during the day today.

With the recent increase in the market, Bitcoin (BTC) was very close to the 70.000 dollar level. But the bankruptcy of Evergrande Bitcoin pricenda caused a major collapse.

So much so that the popular crypto currency Bitcoin immediately after the announcement of bankruptcy dropped by 5,000 dollars to the level of 64,000 dollars.

After this decline in Bitcoin, the price continues to move horizontally. The leading crypto currency as of the moment the content was written Bitcoin (BTC) continues to see trading at $64,803, down 2.58% in the last 24 hours.

How Have Altcoins Been Affected?

The Evergrande incident crypto currency it has affected the market very deeply. So much so that there was a decrease of $ 5,000 in the leading crypto currency. With this decline in Bitcoin altcoingreat losses also occurred in the.

So much so that it is the second largest cryptocurrency in terms of market capitalization I ethereu (ETH), it declined from the 4.868 dollar level to the 4.461 dollar band following this incident.

ETH now struggling to recover, it continues to see trading at $4,650, down 1.20% in the last 24 hours according to CoinMarketCap data as of the time the content was penned.

The 3rd largest in terms of market capitalization. the crypto currency is BinanceThe Coin’and (BNB) it was hit hard by this decline. The crypto currency was trading near the all-time high of $ 663, while there was a decline to the level of $ 573.

On the other hand Solanalooking at the (LEFT), the popular cryptocurrency has experienced a downturn from a daily high of $248 to $217.5.

But LEFT it has experienced a rapid recovery and currently continues to trade in the 240 dollar band.

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