Bitcoin, ether slump as market selloff widens
NEW YORK/LONDON, Sept 20 (Reuters) – Cryptocurrency prices sank on Monday as concerns over the spillover risk to the global economy from Chinese property group Evergrande’s (3333.HK) troubles spread across financial markets.
Bitcoin , the world’s biggest and best-known cryptocurrency, tumbled to $42,453.97, its lowest level since Aug. 7 before trimming some losses to trade down 7.4% at $43,745. It hit a near four-month high above $52,000 on Sept. 6.
Smaller rival ether , the coin linked to the Ethereum blockchain network, fell more than 10% below $3,000 for the first time since early August. It was last down 7.6% at $3,071.
Market capitalization of the cryptocurrency market dropped 10% on…