The crypto markets and the U.S. equity markets sold off on Sept. 20 on fears that the collapse of Chinese property giant Evergrande could not only hurt China but also have wider implications in other markets.
Traders will abandon positions they consider risky when sentiment turns bearish. They opt for safer-haven trades. This could be one of the reasons for the sharp fall in (BTC) and most major altcoins on Sept. 20.
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