Home / Market Update / Cryptocurrency / Global Market Selloff Infects Crypto

Global Market Selloff Infects Crypto

Cryptocurrency prices dropped as a reaction to large selloff move because of worries about infection from China’s Evergrande Group swept all global markets.


Bitcoin dropped as much as 10.7% to $42,522 in New York trading sessions, Sunday, reaching the lowest level since 1 August.

The current point is also below 7 September low, when the cryprocurrency dropped as much as 17% in less than an hour.

Other digital assets also retreated, with Bitcoin Cash, EOS and Ether all declining.

Check Also

Why Does Bitcoin Outshine Ethereum?

Bitcoin (BTC) has continued its impressive run, reaching new all-time highs and leaving Ethereum (ETH) …