A new coronavirus variant was recently discovered, and the news has sent shocks through the global financial markets. As a result, stocks and commodities have been negatively affected over the past few hours.
BTC and ETH Down by More Than 5%
The prices of Bitcoin, the leading cryptocurrency, and Ether, the second-largest coin by market cap, have dipped by more than 5% over the past 24 hours. The dip comes following the broader cryptocurrency market’s poor performance over the last two weeks.
Bitcoin reached a new all-time high at $69k earlier this year. However, it is now down by more than 20% from that price. BTC is currently down by more than 7% and is trading below the $55k level for the first time since October.
Ether is also suffering huge losses after losing more than 8% of its value over the past few…