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The Strange Connection Between BTC and Evergrande

Bitcoin has dropped in price several times amid negative news around Evergrande.

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Image Credit: CoinCu News

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…

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Coinmonks is a non-profit Crypto Educational Publication. Follow us on Twitter @coinmonks and Our other project —  https://coincodecap.com , Email  — gaurav@coincodecap.com

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