© Reuters
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The price of bitcoin and other digital currencies fell sharply again on Saturday, amid the great turmoil in the financial markets due to the advance of the omikron variant of the corona virus.
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jvhSource: The Telegraph
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Bitcoin, the world’s most famous cryptocurrency, plummeted 17 percent to approximately $47,200. Ether plunged 15 percent to less than $4,000. The total value of all digital coins in circulation worldwide fell by almost a fifth to about 2.2 trillion dollars, or 1927 billion euros.
Bitcoin touched a record level of approximately $69,000 in November, but after the discovery of the omikron variant, the value fell sharply. Due to the uncertainty about the new virus variant, investors sold more risky investments such as digital currencies, and sought so-called safe havens such as bonds, certain currencies such as the Japanese yen and the dollar, as well as gold. These are investment categories that are reasonably stable in value.
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