Today news
About the same in other media
Bitcoin price drops 8% amid fears of COVID B.1.1.529 variant discovered in South Africa. Here's why
Reading now: 510
Bitcoin tumbled almost 8 per cent on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant called B.1.1.529.
Bitcoin, the largest cryptocurrency, fell as much as 7.8 per cent to $54,377 (about €48,000), its lowest since October 12. It was on track for its biggest one-day drop since September 20.
Friday's slump comes just Bitcoin appeared set for a breakout above $60,000 (€53,000) after a rise on Thursday.
The markets have seen investors dump riskier assets for the perceived safety of bonds, the yen and the dollar.
Bitcoin is now down 20 per cent from an all-time high of nearly $69,000 (€61,000) which it hit earlier this month.
Scientists said the variant - detected in South Africa, Botswana, and Hong Kong - has
Read more on euronews.comAbout this in other media
What do new measures to tackle Omicron Covid variant mean for UK travellers? theguardian.com /2 years ago
Bill Ackman says the omicron Covid variant could end up being bullish for markets cnbc.com /2 years ago
Crypto sharing name with Omicron variant outperformed Bitcoin soaring 900%. Can we trust it? euronews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
