Why Did Bitcoin Drop Below $43,000?
<p>Bitcoin dropped below $43,000 on Monday losing around 10% as investors started selling their risky assets in global equity markets. While bitcoin is often considered a safe haven, the recent price dynamics show that it tends to move down during periods of declines in risk assets. </p>
<p>The selloff in global equity markets is likely triggered by investors’ fear to spread risk from a shakeout in the property giant China Evergrande Group, with additional focus on any signals from Fed regarding its readiness to begin withdrawing monetary stimulus from the economy.</p>

BTCUSD