Traders buy the Bitcoin dip even as Evergrande's implosion rocks stock markets
Cointelegraph
Published Sep 20, 2021 06:05PM ET
Updated Sep 20, 2021 07:40PM ET
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 withdrawals) from exchanges has continued a multi-month trend, particularly on Coinbase (NASDAQ:COIN) Pro.
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Written By: Cointelegraph
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