Value of bitcoin drops due to Omicron variant| MENAFN.COM

Thursday, 27 January 2022 02:23 GMT

Value of bitcoin drops due to Omicron variant


(MENAFN) The cryptocurrency market has seen significant value drops as a result of investor concerns about the Covid-19 Omicron variant, with bitcoin, ether, XPR, and doegecoin all falling in value.

The value of bitcoin, the most popular cryptocurrency, has dropped to USD54,620 after reaching a peak of over USD69,000 previously during the current month, according to The Sun. On Saturday, dogecoin and etheruem have been weaker by 7 percent and 4.44 percent, independently.

The announcement comes amid a share market collapse that has some shareholders worried. Along with the decline in crypto worth, the Dow Jones index fell 2.8 percent, the S&P 500 fell 2.3 percent, and the Nasdaq Composite fell 2.2 percent.

Every one of those worries stems from Tokyo's schemes to pay back Mt Gox's lenders after the company lost USD500 million in bitcoin 7 years ago.

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