Bitcoin tumbles as new coronavirus variant shakes markets

  • 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.
  • Bitcoin, the largest digital currency, fell as much as 7.8% to $54,377, its lowest since Oct. 12.
  • Bitcoin hit an all-time high of $69,000 earlier this month as more large investors embraced cryptocurrencies, with many drawn to its purported inflation-resistant qualities.

[Via]