Bitcoin, Ether Price Today: Cryptocurrencies tumble as new coronavirus variant shakes markets
Zee News
Bitcoin tumbled over 9% on Friday (November 27) after the discovery of a new, potentially vaccine-resistant coronavirus variant.
New Delhi: Bitcoin tumbled over 9% on Friday, dragging smaller tokens down, after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds, the yen and the dollar.
Bitcoin, the largest digital currency, fell as much as 9.2% to $53,551, its lowest since Oct. 10. The second largest cryptocurrency ether fell over 13% to its lowest in a month as investors ditched cryptocurrencies.
Bitcoin, whose 13-year life has been peppered by bouts of extreme volatility, was on track for its biggest one-day drop since Sept. 20. It has slumped by more than a fifth since hitting a record high of almost $70,000 earlier this month.
