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Bitcoin dips below $50K as Evergrande defaults on US dollar debt
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Bitcoin (BTC) kept $50,000 as a focus on Dec. 9 as consolidation on BTC/USD continued to avoid last week’s lows.
Data from Cointelegraph Markets Pro and TradingView showed the pair acting within a small range around the $50,000 mark overnight, this yet to become firm support.
“Chop, chop, chop it is for Bitcoin,” Cointelegraph contributor Michaël van de Poppe wrote on the day.
Amid broadly calmer conditions despite macro markets dealing with an unprecedented debt default from China’s Evergrande
Read more on cointelegraph.comAbout this in other media
Evergrande slides into default while some ratings agencies keep quiet cnbc.com /2 years ago
Bitcoin, Stocks Largely Unmoved as China Evergrande is Declared in Default cryptonews.com /2 years ago
Proposed India bill banning crypto payments could mean jail for violations: Report moneycontrol.com /2 years ago
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