Avalanche recovers from Evergrande-led sell-off as AVAX rebounds over 30%
Cointelegraph
Published Sep 22, 2021 09:00AM ET
Updated Sep 22, 2021 10:40AM ET
Avalanche (AVAX) prices recovered on Sept. 22, paring a portion of losses that hit cryptocurrencies at the beginning of this week, led by worries about potential contagion in China’s housing market.
The AVAX/USD exchange rate surged by as much as 12.05% to log an intraday high at $66.08. The pair’s gains came as a part of an interim rebound that started Tuesday after it bottomed out at a local low of $50.68. As a result, AVAX’s net rebound stretched by up to 30.37%.
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Written By: Cointelegraph
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