Bitcoin Bounces Back Amid COVID-19 New Variant Omicron By CoinQuora – Investing.com

Bitcoin Bounces Back Amid COVID-19 New Variant Omicron By CoinQuora – Investing.com

Bitcoin (BTC) started the week incredibly, while the rest of the world has plummeted over fears of the new Omicron Covid-19 variant. At the same time, stock exchanges around the world are going into freefall, following WHO’s official warning against the new viral strain and subsequent border closures around worldwide.

Bitcoin looks to be challenging the trend by climbing six percent in just a few hours on Monday. According to CoinMarketCap, Bitcoin hit a 24-hour high of $57,793.31. At the time of writing, BTC is sitting slightly lower at $57,480.06.

In addition, Microstrategy (NASDAQ:) founder and CEO, Michael Saylor posted on Twitter (NYSE:), “Bitcoin never sleeps.” In fact, crypto expert and analyst Lark Davis commented on Saylor’s tweet and mentioned that Bitcoin bounced back from an insane trend line retest.