Bitcoin slumps as coronavirus variant shakes markets

Bitcoin tumbles as coronavirus variant sees riskier assets dumped

26/11/2021 1:10:00 PM

Bitcoin tumbles as coronavirus variant sees riskier assets dumped

LONDON :Bitcoin tumbled almost 8per cent 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 7.8per cent to US$54,377, its lo

LONDON :Bitcoin tumbled almost 8per cent 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 7.8per cent to US$54,377, its lowest since Oct. 12.

It was on track for its biggest one-day drop since Sept. 20, and has slumped by more than a fifth since hitting a record high of almost US$70,000 earlier this month.Scientists said the variant, detected in South Africa, Botswana and Hong Kong, has an unusual combination of mutations and may be able to evade immune responses or make it more transmissible.

Read more: CNA »

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Sport: South Africa sport set for shutdown over new coronavirus variantCAPE TOWN : South African sport faced a shutdown on Friday due to the detection of a new coronavirus variant, with rugby teams scrambling to leave before travel restrictions are imposed and the first event of golf’s new-look DP World Tour under threat.Four rugby teams were due to play South African oppo

UK raises alarm over new COVID-19 variant which could beat vaccinesLONDON: Britain on Thursday (Nov 25) said it was concerned by a newly identified coronavirus variant spreading in South Africa that might make vaccines less effective, and slapped travel restricti Why do governments allow the same vaccines to be used on people without improving the formula? Now I really fear big pharma.

UK raises alarm over new COVID-19 variant which could beat vaccinesLONDON: Britain on Thursday (Nov 25) said it was concerned by a newly identified coronavirus variant spreading in South Africa that might make vaccines less effective and imperil progress mad Not surprised. Expected and predicted. Oh well, covid is never isolated. What do you expect. Here we go again. When they move around without face mask and NOT PRACTICING SOCIAL DISTANCING

Fears over new Covid variant hit Asian markets, oil prices

Fears over new Covid-19 variant hit Asian markets, oil prices

Britain says new COVID-19 variant is the most significant yet foundLONDON (Reuters) -Britain said on Friday that a newly identified coronavirus variant spreading in South Africa was considered by scientists to be the most significant one yet found and so it needed to ascertain whether or not it made vaccines ineffective. Defending a ban on flights from South Africa, Namibia, Botswana, Zimbabwe, Lesotho and Eswatini, Transport Secretary Grant Shapps said that the lesson of COVID was that early action was essential. The UK Health Security Agency said that the variant - called B.1.1.529 - has a spike protein that was dramatically different to the one in the original coronavirus that COVID-19 vaccines are based on.