• Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Dividend Stocks Report
No Result
View All Result
Home Stock News

Bitcoin, Ether and Cryptos Across the Board Slump Amid New Covid-19 Variant Fears

by
November 26, 2021
in Stock News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Text size

Cryptocurrencies like Bitcoin are falling Friday amid a wider market slump.

Chris McGrath/Getty Images

Cryptocurrencies were behaving much like other assets Friday as

Related Posts

Luxury stocks rally as China reopens, but Chinese consumers may choose to shop ‘in-house’

India may have to walk a tightrope as budget looms, analysts say

Wall Street is bullish on Europe — but analysts warn investors to avoid these 5 stocks

Black Swan’s Taleb Warns ‘Disneyland’ Is Over for Investors

Bitcoin,

Ether
and a wide range of cryptos plunged amid widespread fears over a new, heavily mutated variant of Covid-19.

Bitcoin, the leading crypto with a market capitalization of more than $1 trillion, fell more than 6% to below $55,000, a monthly low, according to price data from CoinDesk.

Ether, the second-biggest digital asset, was down almost 7% to just above $4,000.

Popular “meme” crypto Dogecoin was not spared, dropping 8%.

Markets have been being rocked amid concerns surrounding a new variant of Covid-19, known as B.1.1.529, first identified in Botswana and described by South Africa’s  health minister as “of serious concern.”

The possible impact of this new variant has led to renewed travel restrictions and a broad slump across stocks, oil prices, bond yields—and even cryptos.

“Bitcoin not providing much of a hedge,” noted Neil Wilson, an analyst at broker Markets.com, in a note. Cryptocurrencies like Bitcoin have been favored as investments in part because they are supposed to be mostly divorced from mainstream financial market pressure.

Write to editors@barrons.com

Next Post

Dow futures drop more than 800 points on fears of new Covid variant found in South Africa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Stock News

Wall Street is bullish on Europe — but analysts warn investors to avoid these 5 stocks

by
February 1, 2023
0

Europe has been one of the brightest spots in the global stock market this year, with the benchmark Stoxx 600...

Read more

Wall Street is bullish on Europe — but analysts warn investors to avoid these 5 stocks

India may have to walk a tightrope as budget looms, analysts say

Luxury stocks rally as China reopens, but Chinese consumers may choose to shop ‘in-house’

Stocks moving in after hours: Snap, AMD, Match Group, EA

Black Swan’s Taleb Warns ‘Disneyland’ Is Over for Investors

The Stock Market Wants an Easy Fed. Powell Has Other Plans.

Load More

All rights reserved by www.dividendstocksreport.net

  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.