Evergrande crisis: Buy the dip or bail? Pundits weigh in
Cointelegraph
Published Sep 22, 2021 12:53AM ET
Updated Sep 22, 2021 02:40AM ET
As the prospect of Chinese property giant Evergrande defaulting on $305 billion worth of debt looms, pundits are weighing in on how the firm’s bankruptcy could impact the legacy and crypto markets.
Speculation as to whether the real estate investment giant will default has coincided with a downturn across the crypto and stock markets, leaving many analysts divided on whether traders should be buying the dip or looking to take profits in preparation of further bearish momentum.
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Written By: Cointelegraph
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