Bitcoin tumbles as coronavirus variant sees riskier assets dumped

bitcoin tumbles as coronavirus variant sees riskier assets dumped

Sumary of Bitcoin tumbles as coronavirus variant sees riskier assets dumped:

  • LONDON: Bitcoin tumbled almost 8% on Friday 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.
  • 20. Scientists said the variant, detected in South Africa, Botswana and Hong Kong, has an unusual combination of mutations and may be able to evade immune responses or make it more transmissible.
  • “The spread of (the variant), especially to other countries, could wither investor appetite further,” said Yuya Hasegawa at Toyo-based exchange Bitbank.

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