Bitcoin Attempts Recovery as Evergrande-Led Selloff Eases

Bitcoin Attempts Recovery as Evergrande-Led Selloff Eases
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration on March 15, 2021. Dado Ruvic/Reuters
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Cryptocurrency prices bounced off 1–1/2 month lows on Tuesday as a heavy selloff overnight linked to concerns about a possible loan default by property developer China Evergrande eased slightly, but investors braced for more volatility.

Bitcoin, the biggest and the best known cryptocurrency, traded around $43,000, recovering from a fall to $40,192 earlier in the session. It hit a four-month high of $52,000 on Sept 6.