(BTC) and most major altcoins sold off along with The global equity markets November 26, 2006. Markets were shaken by news that a coronavirus variant was discovered in South Africa. This is alarming scientists because it contains a large number mutations to the spike protein.

This sharp drop has led to cross-crypto liquidations exceeding $750 millions over the 24 hour period. funding rates across exchanges remain elevated. This means that selling is not yet over.