Bitcoin, Ether Slump As Market Selloff Widens
Millennium Post Delhi|September 21, 2021
NEW YORK/LONDON: 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 August 7 before trimming some losses to trade down 7.4 per cent at $43,745. It hit a near four-month high above $52,000 on September 6, Reuters reported.

Smaller rival ether, the coin linked to the Ethereum blockchain network, fell more than 10 per cent below $3,000 for the first time since early August. It was last down 7.6 per cent at $3,071.

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