The world’s crypto pioneer, bitcoin, saw a sharp decline of nearly $10,000 in roughly an hour to as low as $42,000 before bouncing back to $45,000, extending the latest downtrend amid the emergence of the Omicron Covid-19 strain.
The price of bitcoin has dropped around $15,000 over the past 24 hours. It was trading at nearly $47,580 as of 08:16 GMT, down 16.14% day over day, having dropped by 31.6% from the year’s high of $69,000, which it reached on November 10.
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