Bitcoin plunges as Covid rears its ugly head

Bitcoin plunges as Covid rears its ugly head

The world’s largest cryptocurrency by market capitalization was trading around $54,000 per coin, just a day after investors saw it set for a renewed breakout level above $60,000.

Alternative crypto tokens also tumbled, with ethereum losing nearly 6% by 10:20 GMT, while Solana, XPR, Polkadot and other most-traded coins also trading in the red.

The crypto market followed the plunge of the global equity markets in the wake of reports of the new and possibly vaccine-resistant coronavirus variant first detected in Botswana, then South Africa, Israel and Hong Kong.

Amid growing fears that the world may have to reintroduce economically-painful lockdown restrictions, investors are scrambling to find low-risk assets.

For more stories on economy & finance visit RT's business section

Source: www.rt.com

The last notes - Экономика

most read news

#Экономика

India has asked state-run energy companies to evaluate the possibility of acquiring oil major BP’s stake in sanctions-hit Russian firm Rosneft, sources told Reuters on Thursday. BP had earlier
подробнее...

The Russian State Duma voted on Thursday to extend Elvira Nabiullina’s term as the governor of the country’s central bank for another five years. On March 18, President Vladimir Putin submitted a
подробнее...

Russia will see its income from the oil sector rise sharply this year and reach more than $180 billion, despite production cuts related to international sanctions, suggests a report published by
подробнее...

Indian importers plan to increase purchases of Russian crude oil and coal at discounted prices, media reports have stated.According to The Economic Times, India’s state-owned oil refiners plan to
подробнее...

The central bank of Israel said it is diversifying the country’s foreign exchange holdings by adding the Chinese yuan alongside three other currencies, while slashing the share of the dollar and the
подробнее...

The ban on imports of Russian crude proposed by the EU authorities will only raise Moscow’s oil revenues, according to Norbert Rucker, head of economics and next-generation research at Swiss wealth
подробнее...

OnlyFans, a subscription-based video platform commonly associated with pornographic content, stopped serving accounts belonging to Russian content creators, the company said in a statement on
подробнее...

Polish Prime Minister Mateusz Morawiecki proposed to the European Commission on Friday that bonds be issued, backed by the “confiscated” funds from Russia and its citizens. The assets have been frozen
подробнее...

Key global technology giants have lost over $1 trillion of their value in the last three days of trading amid a stock selloff in the US, CNBC reported on Monday.Apple has shed $220 billion in market
подробнее...

Germany’s third-largest gas importer, VNG, has agreed to Moscow’s new ruble-based gas payment scheme and opened the necessary accounts with Russia’s Gazprombank to transfer payments, the company said
подробнее...

Indian refining giant Reliance Industries has shelved plans for repair operations at the world’s biggest oil refining complex as the company is striving to churn out more oil products since the
подробнее...

Consumer prices in Denmark have jumped to the highest level in 38 years, official figures from Statistics Denmark showed on Tuesday.According to the agency, the Danish consumer price index (CPI)
подробнее...

China’s biggest state-owned energy companies are reportedly negotiating the opportunity to buy a stake in a major Russian gas export project from Shell after the British oil and gas corporation exited
подробнее...

Japan’s industry minister warned on Friday that quitting the Sakhalin energy projects in Russia’s Far East would undermine Western sanctions and benefit Moscow.“We are concerned that if Japan
подробнее...

Germany and Qatar have failed to reach an agreement regarding long-term liquefied natural gas (LNG) supply contracts, Reuters reported on Tuesday, citing people close to the talks.According to the
подробнее...

Greece is the latest EU country to be hit with double-digit inflation, reaching the highest level since 1994.Inflation in the country surged to 10.2% year-on-year in April from 8.9% the previous
подробнее...

The British government announced on Sunday it will raise tariffs on imports of platinum and palladium from Russia and Belarus as part of a new round of sanctions targeting £1.7 billion ($2.10 billion)
подробнее...

Gasoline prices at the pump in the US hit a new all-time record on Tuesday, according to the American Automobile Association (AAA).The average retail cost of a gallon of gas hit $4.374 early on
подробнее...