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Bitcoin price drops 8% amid fears of COVID B.1.1.529 variant discovered in South Africa. Here's why
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euronews.comBitcoin 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
Read more on euronews.comAbout this in other media
South Africa's financial regulator plans to introduce framework aimed at protecting vulnerable crypto investors: report cointelegraph.com /2 years ago
Trader who called 2017 Bitcoin price crash raises concerns over 'double top' cointelegraph.com /2 years ago
Bitcoin price aims for $52K as stocks rebound fuels bullish return cointelegraph.com /2 years ago
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