On October 24, at the end of the day, bitcoin fell 0.71% against the dollar

On Sunday, October 24, at the end of the day, bitcoin fell in price against the dollar by 0.71%, to $ 60,852, over the week - by 1.10%. The weekly candle range was 11.18%. At the end of the week, sellers dropped the rate to $ 60,852.

Active Bitcoin sales were observed on November 21 and 22. Both straits coincided with a rally in the dollar amid risk aversion. These days, investors in all markets have shifted risk-averse to defensive assets amid fears of the potential spread of the China Evergrande debt crisis. On October 23, the troubled developer was ending the grace period for the payment of interest, so nervousness appeared in all markets. The dollar received additional support from an increase in the yield on 10-year bonds.

On Friday, the dollar rose after the speech of the head of the US Federal Reserve J. Powell. He poured ice water over gold, dropping the price by $ 31 to $ 1,782. Powell reaffirmed the Fed's plans to cut asset purchases. The market has priced in a $ 15 billion QE cut.

Evergrande paid interest on its dollar bonds at the very last moment. The default was delayed. Markets opened lower on the dollar on Monday as the developer announced plans to prioritize the growth of its electric vehicle business. Resumed work on 10 projects.

Bitcoin has risen in price to $ 62,981 along with other risky assets. Ether price recovered to $ 4177. During the growth, large sales were observed at 62110 and 62860 (data on futures). Buyers quietly passed 61700, now everything is free up to $ 64100.

Evergrande's next grace period ends on October 29th. Closer to this number, the market participants will have new worries. The cue ball, most likely, will also react with a decline if investors start to go into the dollar.

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