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Bitcoin Bounces Back Amid COVID-19 New Variant Omicron -Breaking

by Mike Robinson

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© Reuters. Bitcoin Rebounds amid COVID-19’s New Variant Omicron
  • The week began in awe amid Omicron’s new COVID-19 version.
  • BTC reaches a brand new ATH with $57793.31.
  • Michael Saylor believes that Bitcoin is never asleep.
  • Lark Davis, a crypto analyst mentioned that Bitcoin has bounced back after the crazy trend.

Bitcoin (BTC), started the week with a remarkable start, while other currencies have plunged due to concerns about Omicron Covid-19. At the same time, stock exchanges around the world are going into freefall, following WHO’s official warning against the new viral strain and subsequent border closures around worldwide.

Bitcoin appears to be challenging that trend with a six-percent increase in only a few hours. CoinMarketCap reports that Bitcoin reached a 24 hour high of $57793.31. BTC’s current price is $57,480 at the time this article was written.

In addition, Microstrategy (NASDAQ:) founder and CEO, Michael Saylor posted on Twitter (NYSE:), “Bitcoin never sleeps.” In fact, crypto expert and analyst Lark Davis commented on Saylor’s tweet and mentioned that Bitcoin bounced back from an insane trend line retest.

Bitcoin plummeted on Black Friday after the WHO announcement. It fell eight percent within a day. Other cryptocurrencies, including, also fell significantly, particularly, which dropped below $4000 Friday. But Bitcoin was able to bounce back on Monday.

Stock markets felt shockwaves due to the Omicron COVID-19 variation Omicron. Meanwhile, Australia’s started the day down 1.7 percent before beginning to recover and the US was down by two percent, while the UK crashed 3.6 percent.

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