Some of the biggest technology companies continue to see their shares plunge in Hong Kong amid the Evergrande crisis on Tuesday.
What Happened: Alibaba Group Holding Ltd. (NYSE: BABA) shares are trading 2.1% lower at HKD 148.30 at press time in Hong Kong.
Baby Dogecoin (CRYPTO: BABYDOGE) shares are trading lower Monday in a down cryptocurrency market. The crypto is trading lower alongside Dogecoin (CRYPTO: DOGE), and other popular cryptocurrencies like Ethereum (CRYPTO: ETH), and Bitcoin (CRYPTO: BTC).
Ethereum Classic (CRYPTO: ETC) plummeted down almost 10% on Monday following Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were trading down over 7% and 8%, respectively.
Editor's note: This story has been corrected to reflect that Jeff Wang is the founder of Rocketfuel Crypto. The story previously misidentified Wang as working at another firm.
U.S. indices were trading lower Monday for the session as investors weigh continued concerns over the COVID-19 Delta variant, the Federal Reserve's upcoming two-day meeting and a sell-off in some Chinese equities.
Bitcoin (CRYPTO: BTC) just fell off of a cliff and is headed towards the next major resistance while its fundamental on-chain metrics continue to be mostly bullish.
Over the past 24 hours, Bitcoin's (CRYPTO: BTC) price has fallen 7.68% to $44,058. This continues its negative trend over the past week where it has experienced a 1.0% loss, moving from $44,460.02 to its current price.