Bitcoin Dives 10%, Pulled By Evergrande Selloff

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Bitcoin and other cryptocurrencies dived on Monday amid the crisis of Chinese real estate giant Evergrande Property Services Group Ltd (HKG:6666). Bitcoin value fell 10% to $42,662, according to data from CoinMarketCap, followed by a significant drop in U.S. stocks. Q2 2021 hedge fund letters, conferences and more Bitcoin Dives On EvergrandeBesides bitcoin, Ethereum –the second-largest crypto project by market value– saw a 13% drop to $2,940. The fall affected not only the main cryptocurrencies but the entire digital currency market, which showed a decrease of more than 8% compared to the prev…

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