Bitcoin crashes 9%, down 20% from record highs as new variant spooks investors – Mint

The world’s largest cryptocurrency has been under pressure since reaching a record of almost $69,000 earlier this month on enthusiasm over the first US exchange-traded fund linked to futures on the digital asset.

A new variant identified in southern Africa spurred liquidations across global markets, with European stocks falling the most since July and US equity benchmarks also lower in early trading.

The variant news that roiled markets wasn’t the only negative factor weighing on Bitcoin.

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