The Market Is Recovering, Again. But Why? By DailyCoin

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The Market Is Recovering, Again. But Why? Fears over Evergrande’s debts have been pushed aside. The US Federal Reserve continues its monetary policy. currently seems to be the most trending cryptocurrency. went up by over $3,000 in the last 24 hours. Many currencies increased in the 10-20% range. The crypto market cap is looking optimistic with a rise of over 6% in a day and its market cap almost back to $2 trillion. The rise in crypto prices was partly a result of Evergrande’s debt repayment plan and the US Federal Reserve’s announcement that it would continue to increase Treasury security holdings. Earlier, cryptocurrency had plummeted due to Chinese Evergrande’s real estate debt crisis. Crypto investors feared the possible bankruptcy of the real estate firm, which could also lead to a decline in financial markets. However, the Chinese government committed to inject almost $19 billion into the banking system to cover Evergrande’s debts. The real estate giant
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