Global Financial Market Turmoil

Fear looms in the broad financial markets amid the pending Evergrande bankruptcy, and bitcoin behaves like a risk asset, while gold shines like a safe haven asset. A hit for bitcoin’s SoV narrative?
Source: Tradingview

The Chinese property giant Evergrande is currently at the brink of default. Evergrande’s liabilities sit at above $300 billion, reportedly owing money to more than 128 banks and 121 non-banking institutions. This has led the global financial markets into the red, caused by fears of the possible spill-over effects from such a massive bankruptcy.

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