Bitcoin and Altcoins prices all saw a rebound on Sept. 22 as the earlier selloff seemed to cool down after Evergrande made its resolve of making an on-time payment on its debt known to investors.
Evergrande, the second-biggest Chinese property giant, remained earmarked for a default on hundreds of billions of dollars worth of debt. China’s central bank, the People’s Bank of China (PBoC), pumped another 120 billion yuan ($18.6 billion) into the banking system as a result. This somehow soothed the uneasiness of the markets, as an analyst maintains The Evergrande Crisis will soon be a “non-event”.
Selected Altcoins such as Polygon (MATIC, +12.53%), Cosmos (ATOM, +23.37% ), Perpetual Protocol (PERP, +21.76%) were seen amassing significant gains as of press time while tokens such as Hedera Hashgraph (HBAR), Terra (LUNA), Arweave (AR) posted gains over 30%, taken from peak to trough as buyers sought for the dip.
During the 3-day selloff, Bitcoin (BTC) ticked lows of $39,600 for the first time in six weeks while Altcoins cascaded down to mark fresh lows seen weeks earlier. At the time of publication, BTC traded up 5% at $43,552.
Dogecoin Jumps 20% As AMC Stamps Acceptance
AMC Entertainment CEO, Adam Aron launched a Twitter poll on Sept. 22 to gauge the interest of followers to pay for tickets and snacks with popular cryptocurrency Dogecoin.
The AMC CEO was wowed by the responses the ”Dogecoin Twitter poll” tweet generated, having drawn the attention of Tesla CEO, Elon Musk who “liked” the tweet. Stating:
”SO FASCINATING! Dogecoin Poll was by far my highest ever read tweet. In 24 hours, 4.2 million views, my most ever retweets, most ever replies. 140,000 votes 77% yes 23% no. It’s clear that you think AMC should accept Dogecoin. Now we need to figure out how to do that.”
Adam Aron had earlier announced plans for AMC to accept three other cryptocurrencies — Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) asides Bitcoin (BTC) payments for movie tickets by the end of the year 2021. This drew significant criticism from the Dogecoin community for failing to include the popular “meme coin.”
Dogecoin (DOGE), now the tenth largest cryptocurrency reacted to the AMC news by jumping 20% to reach highs of $0.233 as of press time.
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