Hodler’s Digest, Sept. 19-25 By Cointelegraph
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Crypto recovers on positive Fed and Evergrande news, then drops amid China FUD; Sorare and Dapper Labs raised a combined $930M: Hodler’s Digest, Sept. 19-25Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt
The crypto markets were showing signs of recovery during the week as the U.S. Federal Reserve committed to carrying on its spending habits, while Chinese real estate giant Evergrande was able to strike deals with bondholders to avoid default on its hefty loan obligations.
The global financial markets have been watching Evergrande’s potential default on its $305 billion debt as a ticking bomb. Some claim that it is Chinas Lehman Brothers moment. However, the firm is safe for the immediate term, and the news coincided with an 11.3% bump in Bitcoins (BTC) price on Tuesday.
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