BNC insights feed
Word on the Street: Chinese stock market rout may have added to Tether crash
The notorious “October effect” in stock markets (expected higher volatility and market crashes) has not disappointed, with the US and Chinese indices continuing their tumultuous run. This volatility has at times coincided with large sell-offs in cryptocurrencies and the panic selling in Chinese markets this week may have spilled over to the bitcoin and tether market this week – both of which share a large base of retail Chinese investors.