It has been reported that the value of the world's most popular cryptocurrency has plummeted by around 8 percent in the last 24 hours. BTC's price has fallen to its lowest level since early October, losing over 20% of its value. A record low for European markets are expected soon, and U.S. stock futures are plummeting as well.
Fears about a new and mutated coronavirus strain, first detected in South Africa, have sent cryptocurrency prices down along with other risky assets.
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