Crypto Market Slides Over Fears Of New Covid Variant – Investing.com

Crypto Market Slides Over Fears Of New Covid Variant – Investing.com

The crypto market was in a state of panic over the news of a new COVID strain in South Africa. Now, and were close to defining their macro trends after the losses incurred in the past few weeks.

Bitcoin and Ethereum appeared to have reached a crucial support level after posting considerable losses on the news of a new COVID variant in South Africa. The significant demand wall could determine whether BTC and ETH will dip further or resume their uptrends.

Cryptocurrency investors appeared to have entered a state of “fear” over the news that a new COVID variant was identified in South Africa. The variant was first identified Tuesday and panic ensued throughout the week, with several countries in Europe and Asia issuing travel bans to southern Africa.