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New Corona variant Omnicron melts the markets



Cryptocurrencies are not very self-confident on Friday. A new corona variant from South Africa is fueling fears that will collapse not only the crypto but also the stock market. The vaccine manufacturers are the winners.

The new corona variant, which is blamed for a rapidly increasing proportion of positive tests in South Africa, worries the world. The Bitcoin price lost up to eight percent on Friday morning and fell to just over $ 54,000, its lowest level since mid-October.

Crypto crash due to corona variant?

Bitcoin was not left alone, Ethereum, Dogecoin and most of the other crypto assets also gave way, in some cases noticeably. The market capitalization fell below the mark of $ 2.5 trillion.

According to experts, the price losses are due to the spread of a new and possibly dangerous variant of the coronavirus in southern Africa. It is feared that the new variant B.1.1.529 could not only be highly contagious but could also penetrate the protective shield of the vaccines more easily. This is mainly attributed to the relatively high number of 30 mutations in the variant.

Equity markets are also impressed

It is also conceivable that the crypto market was simply affected by the turbulence on the stock markets. This is where the big index stocks got hit. In detail, technology values ​​are relatively stable. When it comes to technologies related to home office or other so-called stay-at-home values, they can even score again.

The price of the video conferencing platform Zoom rose by eight percent at the start of trading, and that of the home fitness provider Peloton by four percent. The real winners are the vaccine manufacturers. Moderna and Biontech shares rose more than 20 percent on the New York Stock Exchange, Pfizer gained five percent.

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