Why is the Bitcoin Price Falling? There is a Deep Decline in the Price thumbnail
Why is the Bitcoin Price Falling? There is a Deep Decline in the Price
cryptonews.net
news made by the Wall Street Journal and that Elon Musk's company SpaceX claims to have sold 373 million dollars in Bitcoin Evergrande, once the largest real estate company in China, filed for bankruptcy. The decline in Bitcoin price deepened after the news spread that Evergrande had filed for bankr
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  • news made by the Wall Street Journal and that Elon Musk's company SpaceX claims to have sold 373 million dollars in Bitcoin
  • Evergrande, once the largest real estate company in China, filed for bankruptcy. The decline in Bitcoin price deepened after the news spread that Evergrande had filed for bankruptcy
  • The filing under Chapter 15 of the US bankruptcy law comes after China Evergrande decided to postpone its meetings for Hong Kong CEG Class A and Class C debt holders to allow more time to consider a new restructuring plan. Trading in China Evergrande shares was suspended on March 21 last year.
  • The Nasdaq fell more than 1%.
  • According to Coinglass data, there has been a total of $703 million in long liquidation in the cryptocurrency market in the last hour. The majority of liquidations took place in Bitcoin with $201 million and Ethereum with $182 million.

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