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Evergrande Sell Off And Bitcoin

The beneath is from a latest version of the Deep Dive, Bitcoin Magazine’s premium markets e-newsletter. To be among the many first to obtain these insights and different on-chain bitcoin market evaluation straight to your inbox, subscribe now.

After protecting the Evergrande Real Estate Group final week in Daily Dive #060, our largest considerations have been with elevated contagion unfold to the Chinese economic system and international markets. Since then, we’ve seen a tidal wave of Chinese market sell-offs in the true property sector, an increase in China bond yields and a bigger S&P 500 correction unfolding on the similar time. China junk bond yields proceed to climb previous their March 2020 highs at 14% plus, whereas the Hang Seng Index fell an extra 8.35% since September 7. 

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