Major cryptocurrencies plunged on Friday amid a broad sell-offs of risky assets, after a new variant of COVID-19 was detected in South Africa.
Bitcoin BTCUSD, -7.86% fell more than 7% over the past 24 hours, recently trading at $54,162 early in the New York trading day. The cryptocurrency is down more than 20% from its all-time high of $68,990 on Nov. 10, according to CoinDesk data.
Ether ETHUSD, -10.17% dived roughly 9% over the past 24 hours, recently trading at $4,017.
Binance coin recorded a loss of 9% over the past 24 hours, recently trading at $579.5. Solana SOLUSD, -8.28% dropped 10.4% over the past 24 hours to $190, while Cardano ADAUSD, -8.77% fell 9.4% over the past 24 hours to $1.5. XRP XRPEUR, -10.11% plummeted 9.4% over the past 24 hours to $0.95.
Dogecoin DOGEUSD, -8.44% is trading at around $0.206, with an 8.4% loss over the past 24 hours. Shiba Inu fell 6% over the past 24 hours to $0.000038.
The crypto market sell-offs are in line with other risky assets. Dow Jones Industrial Average futures YM00, -2.06% slumped 793 points, or 2.2%, to 34957.
The World Health Organization is meeting on Friday to assess the new COVID strain B.1.1.529.