• Bitcoin slides, metaverse coins hammered as fears about new COVID variant drive investors to dump crypto

    4 days ago - By Business Insider

    Covid-19 Andriy Onufriyenko
    Bitcoin lost 8% Friday to touch its lowest level in two months, as cryptos fell across the board.
    The discovery of a new, potentially vaccine-resistant COVID-19 variant drove investors to dump riskier assets.
    Metaverse-linked coins plunged, reversing a recent rally, as sand dropped 4.2% and mana lost 10.8%.
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    Bitcoin , ether and metaverse-linked coins mana and sand were all knocked down in a broad-based crypto sell-off Friday as worries about the impact of a new COVID-19 variant prompted...
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  • Global stocks sink after South Africa finds virus variant

    4 days ago - By ABC News

    Global stocks and oil prices have tumbled.
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  • Oil tumbles by the most in 4 months after new Covid variant heightens fears over global demand outlook

    4 days ago - By Business Insider

    Oil wells at near Moorpark, California. David McNew/Getty Images
    Oil fell by more than 6% on Friday, as investors ditched riskier assets after the emergence of a new Covid variant.
    Both Brent and WTI futures were heading for their largest one-day fall since mid-July this year.
    "We can very, very quickly go from a very tight market to an oversupplied market," Saxo Bank's Ole Hansen said.
    Oil prices were already heading for a weekly loss, after the United States released some crude from its Strategic Petroleum Reserve to try to temper sky-high energy prices. But after South African...
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