Dec 10, 2021
4 min read
The Strange Connection Between BTC and Evergrande
Bitcoin has dropped in price several times amid negative news around Evergrande.
On December 9, Fitch downgraded China’s diversified holding company China Evergrande Group and its subsidiaries to Limited Default (RD) due to the failure to pay two coupon payments after the grace period expired on Monday, December 6. The rating…
