Stock sell-off tanks Bitcoin price, but traders expect a bounce near $42K
Cointelegraph
Published Sep 20, 2021 04:05PM ET
Updated Sep 20, 2021 05:40PM ET
The cryptocurrency market faced a fresh round of selling on Sept. 20 as global financial markets fell under pressure thanks to fears surrounding the potential default of Evergrande Group, a China-based real estate company whose collapse could send ripples across equities markets.
Data from Cointelegraph Markets Pro and TradingView shows that the early morning sell-off in Bitcoin (BTC) intensified into midday as the price dropped to a low of $42,493 before bulls managed to bid it back above $43,500.
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Written By: Cointelegraph
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