Bitcoin slumps 6% as new Covid-19 strain upsets wider markets

London - The cryptocurrency was last down 5.1% at $22,290 after hitting a record $24,298.04 on Sunday

By Reuters

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A representation of virtual currency Bitcoin is seen in front of a stock graph. -- Reuters file
A representation of virtual currency Bitcoin is seen in front of a stock graph. -- Reuters file

Published: Mon 21 Dec 2020, 4:35 PM

Last updated: Mon 21 Dec 2020, 5:01 PM

Bitcoin dropped as much as six per cent on Monday, with fears over a fast-spreading new coronavirus strain in Britain hitting assets across wider markets.

The cryptocurrency was last down 5.1 per cent at $22,290 after hitting a record $24,298.04 on Sunday.


Bitcoin passed the $20,000 milestone for the first time last week, amid surging interest from larger investors.



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