"Highlighted Cryptocurrencies hit hard amid Omicron"
Major cryptocurrencies declined yesterday amid concerns over the spread of the new omicron strain of coronavirus infection.
Bitcoin price fell 7.4% compared to the close of the previous trading, to $ 47.601 thousand.
But the cryptocurrency quotes remained 1.6% above the monthly minimum of $ 46.835 thousand, reached on December 13.
Bitcoin is down more than 30% from a record high of $ 68.99k in November.
According to the Kraken platform, the cryptocurrency's price on Wednesday rose by 0.38% to $ 47.784 thousand.
The cost of ether, the second most popular cryptocurrency in the world, dropped on Tuesday to $ 3.807 thousand, 6.9% below the level of the closing session on December 27.
Ether quotes dropped 0.24% to $ 3.798 thousand. Ether lost 20% of its value on Tuesday from a record high of $ 4.866 thousand, also reached in November.
Quotes of less expensive tokens also declined during the previous day's trading: Luna dropped in price by 8.9%, to $ 86, Polkadot - by 13%, to $ 28.
The popular "meme" cryptocurrency Dogecoin lost 9% of its value, Shiba Inu - 11.3%. The quotes of these two cryptocurrencies closed at $ 0.17 and $ 0.000035.
Current global economic development projections from the International Monetary Fund are likely to be devalued due to the emergence of the omicron variant, said IMF Managing Director Kristalina Georgieva.
Omicron has attained a foothold in many countries worldwide, and many governments have prohibited travel rules to curb the variant.
The surge in infections incorporated with the recent variant has prompted uncertainties of new lockdown regulations, demonstrating pain for economies.
"The sweep of (the variant), especially to other countries, could worsen investors' hunger further," said Yuya Hasegawa at Toyo-based exchange Bitbank.
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