Crypto recovers on positive Fed and Evergrande news, then drops amid China FU...

Crypto recovers on positive Fed and Evergrande news, then drops amid China FU...

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekCrypto markets soar after Fed commits to printing and Evergrande plans to pay its debt The crypto markets were showing signs of recovery during the week as the U.S. Federal Reserve committed to carrying on its spending habits, while Chinese real estate giant Evergrande was able to strike deals with bondholders to....


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Evergrande Losses Sparks Fear of Looming Credit Contagion, Janet Yellen Asks ...

Global investors have their eyes peeled on the Evergrande Group or the Evergrande Real Estate Group, China’s second-largest property developer by sales. Evergrande Group shares nosedived on Monday dropping to 11-year lows and many analysts and economists are concerned about a possible credit contagion. Credit problems with China’s real estate industry have affected global markets a great deal as European and U.S. stocks have slid during Asia’s overnight. Evergrande Group’s Counterparty Risk and Liquidity Shocks Could Spark a Credit Contagion on a Global....

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Evergrande cannot be viewed correctly except in the context of the overarching economic situation in China.

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As Evergrande collapses, China is close to becoming a high-yield borrower. In this debt spiral, bitcoin is the best hedge for investors.