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HomeTrading NewsBOE Chief Is Worried by El Salvador’s Move to Adopt Bitcoin

BOE Chief Is Worried by El Salvador’s Move to Adopt Bitcoin

Reuters

Cryptocurrencies tumble as coronavirus variant shakes markets

LONDON (Reuters) -Bitcoin tumbled over 9% on Friday, dragging smaller tokens down, after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds, the yen and the dollar. Bitcoin, the largest digital currency, fell as much as 9.2% to $53,551, its lowest since Oct. 10. Bitcoin, whose 13-year life has been peppered by bouts of extreme volatility, was on track for its biggest one-day drop since Sept. 20.

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