NEW YORK, Dec 5 — The bitcoin dropped sharply overnight, losing US$10,000 in value in a nervous market before recouping some of its losses Saturday morning.
But by 1600 GMT Saturday, the virtual currency had regained some ground, trading at US$48,210, down 10 per cent from Friday. “Digital assets got pushed around by the broader risk of conditions related to Omicron and expectations of a more aggressive Fed, but didn’t properly sell off until Friday, on contagion from equities,” said Martha Reyes, research director at the Bequant digital asset brokerage and exchange.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: