Is the Evergrande bankruptcy a factor in state of the market?
https://ift.tt/3yACsaZ
I am asking this because at this point there aren’t real stats that show how much bitcoin is owned by the Chinese, directly or indirectly. How much they use at this point & so forth.
“According to Eminetra, the total market capitalization of the crypto industry is $1.47 trillion, and China accounted for more than **90% of all trading volume** prior to the introduction of regulatory measures and restrictions in **2018**.” [https://www.investopedia.com/news/price-cryptocurrencies-totally-dependent-china/](https://www.investopedia.com/news/price-cryptocurrencies-totally-dependent-china/)
Is Asian, and mostly China in a selling frenzy motivated by a potential financial crises caused by Evergrande and similar events within their real estate market mostly?
Cryptocurrency
