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Global Market Selloff Infects Crypto

Mohamed Abdelhamid 20 September, 2021 8:15 pm Cryptocurrency

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.

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