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Coronavirus variant B.1.1.529 drops Bitcoin price



The new coranavirus variant B.1.1.529 would be discovered in South Africa. Some scientists worry that the new variant could cause bigger problems than the previous ones. The international markets reacted to the news.


Shortly after the news about the new coronavirus variant appeared, the Bitcoin price (-6%) as well as the SP 500 (-2%) and the DAX fell sharply. Could the stock markets and the BTC price continue to fall because of the new variant?


WHO is investigating the danger of the new variant

Even if the new coronavirus variant has numerous mutations, it is not yet clear how dangerous it really is. Biontech and the WHO are already investigating the new variant. However, the WHO can only make a final statement about the dangerousness of the new virus after “a few weeks”. However, science is already partially concerned. The new coronavirus variant could not only be more contagious, due to the mutations of the spikes , the new variant could at least in places bypass the vaccination protection , which should free people from the pandemic. At this point in time, it is not yet possible to say exactly whether all of this will be the case. However, the panic made itself felt in the stock markets today.



How strongly or with what measures the politicians will react to the new variant is still open. It is therefore not yet clear what medium-term or long-term effects the new variant will have on the global economy, the stock markets and the Bitcoin price . Numerous countries, such as Belgium and India, have already reacted with entry restrictions. However, the new variant has already arrived in Europe , Asia and Israel .


Long-term effects on the Bitcoin price and stock markets are still uncertain


CNBC's economist Kate Rooney said we could see more sales in the crypto market soon. A strong sale on the stock markets could, at least in the short term, result in the Bitcoin and crypto market falling further. This is because traders or investors sell other assets, such as stocks, in order to get liquidity. These are needed on the one hand to be able to buy cheaper shares again later, on the other hand to cover the losses from (leveraged) share transactions. In your opinion, however, the question of how the Bitcoin price will react to the new corona situation in the medium or long term is currently still open.

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