What is triggering today's Drop? Crypto assets fell sharply to | CryptoExplorer ✪

What is triggering today's Drop?
Crypto assets fell sharply today as Evergrande, the second-largest property developer in China, has been unable to pay off the interest on its loans. Experts refer to EverGrande's debt problems as China's "Lehman moment," referring to the 2008 financial crisis. Congress is set to discuss an extension of the debt ceiling this week, which could have dire consequences for financial markets. The total crypto market cap has also dipped below $2 trillion, confirming a more general downtrend. Read More