The market for digital currencies is under heavy pressure. Bitcoin, the most famous cryptocurrency, fell more than 7 percent to $40,200 on Tuesday night. Digital currencies are also being impacted by concerns about a possible collapse of Chinese real estate giant Evergrande.
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On Tuesday morning, the bitcoin price recovered somewhat, to 42,600. Other cryptocurrencies, such as Ether, are also under pressure.
Here too, the concern about Evergrande plays a role. Investors shun risk and are massively selling risky investments, such as cryptocurrencies.
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