Bitcoin takes hit after China declares cryptocurrency-related activities illegal - NewsBreak
By Lawce in Business
Updated 3 years ago
The S&P 500 recovered from a steep Monday sell-off to finish the week higher following positive commentary from the Federal Reserve. On Monday, the Dow Jones Industrial Average dropped 971 points in intraday trading before finishing the day down 1.8% in its worst session since July. Market volatility stemmed from concerns over the risk of a default by Chinese property developer Evergrande and its potential impact on the broader financial market.
