Bitcoin tumbles 5% after weekend battering
The Hindu
Traders said the weekend fall was connected to a broad moveaway from riskier assets in traditional markets over worries about the Omicron variant of the coronavirus.
Bitcoin tumbled almost 5% on Monday as the start of the week offered little respite to the world's largest cryptocurrency after a bruising weekend where atone point it lost over a fifth of its value.
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The rout sent bitcoin's price and the amount invested in bitcoin futures back to where they were in early October, before a massive price surge that sent the token to an all-time high of $69,000 on Nov. 10.
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