Evergrande crises triggers market sell-off as mining and energy stocks slide

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NEW YORK/LONDON (Reuters) -Cryptocurrency prices sank on Monday as concerns over the spillover risk to the global economy from Chinese property group Evergrande’s troubles spread across financial markets. Bitcoin, the world’s biggest and best-known cryptocurrency, tumbled to $42,453.97, its lowest level since Aug. 7 before trimming some losses to trade down 7.4% at $43,745. Market capitalization of the cryptocurrency market dropped 10% on Monday to under $1.94 trillion, from last Saturday’s $2.17 trillion.

SOURCE: https://finance.yahoo.com/video/evergrande-crises-triggers-market-sell-190040788.html?.tsrc=rss

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