Virtual currencies were roiled amid fears of contagion from the liquidity crisis at China Evergrande Group, the world’s most indebted developer. A global stock retreat abated somewhat in Asia on Tuesday, though Evergrande’s woes and the looming Federal Reserve meeting remain potential triggers of volatility.
Bitcoin extended losses on Sept 21, falling to the lowest level since August after a global selloff in riskier assets took the overall value of the cryptocurrency market back below US$2 trillion ($2.7 trillion).
The largest digital coin fell as much as 7.6% to US$40,237 before paring some of the decline. Second-biggest token Ether was trading below US$3,000, while Cardano, Solana, Polkadot and Dogecoin also fell, according to tracker CoinGecko. All were trading off their lows for the day.
