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05 Oct, Wednesday
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Bull Trader USA

Crypto: Major cryptocurrencies tumble amid concern about new COVID variant

Major cryptocurrencies plunged on Friday amid a broad sell-offs of risky assets, after a new variant of COVID-19 was detected in South Africa. 

Bitcoin
BTCUSD,
-8.08%

fell more than 7% over the past 24 hours, recently trading at $54,162 early in the New York trading day. The cryptocurrency is down more than 20% from its all-time high of $68,990 on Nov. 10, according to CoinDesk data.

Ether
ETHUSD,
-10.44%

dived roughly 9% over the past 24 hours, recently trading at $4,017. 

Binance coin recorded a loss of 9% over the past 24 hours, recently trading at $579.5. Solana
SOLUSD,
-8.73%

dropped 10.4% over the past 24 hours to $190, while Cardano
ADAUSD,
-9.19%

fell 9.4% over the past 24 hours to $1.5. XRP
XRPEUR,
-10.25%

plummeted 9.4% over the past 24 hours to $0.95.

Dogecoin
DOGEUSD,
-8.57%

is trading at around $0.206, with an 8.4% loss over the past 24 hours. Shiba Inu fell 6% over the past 24 hours to $0.000038. 

The crypto market sell-offs are in line with other risky assets. Dow Jones Industrial Average futures 
YM00,
-2.26%

 slumped 793 points, or 2.2%, to 34957.

The World Health Organization is meeting on Friday to assess the new COVID strain B.1.1.529.

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