Crypto recovered on positive news from the Fed and Evergrand, then China descended into the FUD; Sorare and Dapper Labs Combine 930 Million: Hodler’s Digest, September 19-25
The crypto market boomed after the Fed promised printing, and Evergrand plans to pay its dues.
Crypto markets showed signs of recovery this week as the US Federal Reserve pledged to bear its spending habits, while Chinese real estate giant Evergrand was able to negotiate with bondholders to avoid serious debt obligations.
Evergrandes The potential default of 305 billion was originally a ticking time bomb that lit up the global financial market, with some claiming it was the moment of the Chinese Lehman Brothers. However, the company is safe in the immediate term, and the news pushed Bitcoins to 11.3% (BTCTuesday prices.
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