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Here’s how the new Covid variant is turning Bitcoin into a traditional asset
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Bitcoin has been seeing a price downtrend since it touched a record peak of $69,000 earlier this month. However, BTC rose over $57,000 after a sluggish week, recording around 5% gains in the last 24 hours.It is noteworthy, that Bitcoin didn’t support the broader market weakness as sentiments dampened amid news of a new covid variant.In this regard, Ross Mayfield, Baird’s investment strategist told Bloomberg,“The evolving debate on what kind of asset crypto and Bitcoin will prove to be, whether
Read more on ambcrypto.comAbout this in other media
New Omicron Variant Exacerbates Inflation Uncertainty, Powell Says wsj.com /5 months ago
What do new measures to tackle Omicron Covid variant mean for UK travellers? theguardian.com /5 months ago
Bill Ackman says the omicron Covid variant could end up being bullish for markets cnbc.com /5 months ago
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