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Bitcoin reverses 'bear market' at $53.5K as Pfizer gains on fresh panic over Coronavirus 'Nu' variant
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Bitcoin (BTC) stemmed losses as Wall St. opened on Nov. 26 after concern over a new Coronavirus variant spark a global market sell-off.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ending its downturn at just above $53,500 on Bitstamp.
The pair then added almost $1,500 as some sense of equilibrium returned to crypto markets, trading around around $54,400 at the time of writing.
Both crypto and traditional assets were rattled on the day thanks to the proliferation of a new Coronavirus variant, designated "Nu," which some parties claim could pose a problem for vaccine programs.
Pfizer (PFE), one of the major producers of Coronavirus vaccines, conspicuously bucked the nervous market downtrend, opening up 7% at the Wall St.
Read more on cointelegraph.comAbout this in other media
Bitcoin sees first downward difficulty move in 5 months amid 'uncertainty' over hodler spending cointelegraph.com /2 years ago
A little known altcoin called omicron is surging as the new coronavirus variant makes headlines markets.businessinsider.com /2 years ago
Bitcoin enters bear run territory as it slumps 20 percent from record highs cnbctv18.com /2 years ago
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