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Is Ethereum forming a double top? ETH price loses 12.5% ​​amid fears of potential drag from Evergrande

Is Ethereum forming a double top? ETH price loses 12.5% ​​amid fears of potential drag from Evergrande

Prices of the native asset Ether (ETH) plummeted on September 20 amid a broad selloff in the cryptocurrency market, led by concerns about a potential housing bubble crisis brewing in China. .

The pair’s exchange rate fell as much as 12.52% to $ 2,911 on the Coinbase (NASDAQ 🙂 exchange, reaching its lowest levels since early August 2021. Elsewhere in the cryptocurrency market, (), (BNB), Cardano (ADA), Solana (SOL), and other top tokens all sank together.

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The performance of the top ten crypto assets in the last 24 hours. Source: Messari The slide mimicked the mood in the broader market, as US stocks tumbled after a day of red numbers in the Asia-Pacific and European indices. On the other hand, the US dollar and government bonds rose on safe haven purchases.

Read the full article on Cointelegraph

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Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Tammy@oicanadian.com Phone: +1 513-209-1700

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