Cryptocurrencies suffer steep decline

Bitcoin and other cryptocurrencies suffered steep declines over the weekend, losing up to $500 billion in value over a single day. With the new COVID-19 Omicron variant rattling investors, Bitcoin began a downward spiral on Saturday morning and gained further momentum in the afternoon. The notoriously volatile stock began to pick up on Sunday, but has dropped by nine per cent compared to the previous week.

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December 06, 2021 at 05:33PM
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Bitcoin and other cryptocurrencies suffered steep declines over the weekend, losing up to $500 billion in value over a single day. With the new COVID-19 Omicron variant rattling investors, Bitcoin began a downward spiral on Saturday morning and gained further momentum in the afternoon. The notoriously volatile stock began to pick up on Sunday, but has dropped by nine per cent compared to the previous week.