crypto news today.
Just when things were starting to look up for investors, crypto markets headed back down faster than Chinese home sales.
The price of Bitcoin and Ethereum both fell more than 5% in 24 hours as the total cryptocurrency market capitalization lopped off nearly 6% of its value, according to data from CoinGecko. Stock prices, too, were trending lower after Chinese real estate developers Evergrande and Kaisa were unable to make scheduled U.S. dollar bond payments.
Bitcoin and Ethereum Prices Tumble 5% After Evergrande, Kaisa Default in China
Equities and cryptocurrency markets had a down day on Thursday, thanks in part to troubles with Evergrande and Kaisa.