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coinpedia 2024-01-30 10:50:05

Evergrande Liquidation Could Trigger Potential Global Crisis, Boosting Crypto Market

The post Evergrande Liquidation Could Trigger Potential Global Crisis, Boosting Crypto Market appeared first on Coinpedia Fintech News After failing to convince the court of its restructuring strategy to repay its gigantic debt, China Evergrande Group was ordered into liquidation on Monday, thus exacerbating the real estate crisis in the second-largest economy in the world. With the company’s valuation down more than 90 percent in the past year, economists forecast a challenging time …

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