Bitcoin price collapses due to new COVID-19 strain

CNBC: Bitcoin price crashed to $ 53.6 thousand on November 27 due to a new strain of COVID-19

Bitcoin price on November 27 collapsed to 53.6 thousand dollars due to a new strain of COVID-19. This was reported by CNBC.

Bitcoin fell sharply along with other assets, reaching a seven-week low and officially entering bear market territory. As noted by Coin Metrics, Bitcoin lost 8 percent in 24 hours. The price of the cryptocurrency has dropped 20 percent from a record high of $ 69,000 reached earlier this month.

As noted by the TV channel, on Friday, November 26, when the WHO registered a new strain of COVID-19, global stock markets are strong fell. For example, European stock indices showed the worst session in more than a year, and futures for many US stocks also fell sharply.

In addition, the Russian stock market collapsed following trading on November 26. At the close of the main trading session on the Moscow Exchange, the Moscow Exchange index fell to 3810.98 points (minus 3.47 percent), the RTS index – to 1589.38 points (minus 4.58 percent).