Bitcoin pushed the crypto market to a third consecutive day of gains, following a big dip of over 8% on Black Friday. The King of Crypto grew to almost $59,000 yesterday, before falling to $58,000 today.
But the trading volume for BTC wasn’t as high as it was the previous Monday. This is due to investors waiting for the newest pieces of information regarding the new coronavirus strain which was already detected in Africa, Europe, Asia, Australia, and North America.
(CoinDesk/CryptoCompare)
Rachel Lin, the CEO of DeFi derivatives platform SynFutures, believes that Asian investors, especially Chinese ones, aren’t as affected by the developments regarding Omicron: “During the past few days … it is not so [panicky] for Asia market.”
Bloomberg wrote that China’s COVID-zero strategy has possibly helped the equity market of the country from the potential harm the Omicron strain would have brought.
Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView)