As new Coronavirus variant news rattles the crypto market, Bitcoin, Ether, and most altcoins hold strong.

Bitcoin and other cryptocurrencies had a terrible end to a tumultuous week, with word of a new COVID-19 variation causing prices to plummet. On the Indian market CoinSwitch Kuber, Bitcoin is presently priced at $56,910 (approximately Rs. 42.6 lakh), up 0.26 percent following a 7.92 percent drop on Friday.

Bitcoin is valued at $57,276 (approximately Rs. 42.9 lakh) on global markets like CoinMarketCap, indicating a 5.5 percent increase in the previous 24 hours. Bitcoin has had a very tumultuous November, according to CoinGecko, with its value dropping 7.3 percent in the last month.

On Friday, Ether fell 9.34 percent, which was identical to Bitcoin’s drop. On CoinSwitch Kuber, the second-most popular cryptocurrency has recovered 3.01 percent in the last 24 hours to be valued at $4,342 (roughly Rs. 3.25 lakh), whereas, on global exchanges, the second-largest crypto by market cap is slightly lower at $4,314.9 (roughly Rs. 3.23 lakh), with much better recovery of 6.85 percent in the last 24 hours.

The Ethereum blockchain’s native cryptocurrency, Ether, has suffered a 7.3 percent drop in value over the last month, while also reaching an all-time high of $4,870 on Gadgets 360’s cryptocurrency price tracker (roughly Rs. 3.61 lakh).

At the time of publication, the market tracker appears to be bullish, with the most popular cryptocurrencies in the green. Tether has lost 3.66 percent of its value in the last 24 hours, while Cardano, Chainlink, Ripple, Polkadot, and Litecoin have all risen.

Coins based on memes The last two weeks have been difficult for both Dogecoin and Shiba Inu. Shiba Inu is priced at $0.000039 (approximately Rs. 0.002946), up 3.97 percent in the last 24 hours. Dogecoin is now trading at $0.21 (about Rs. 15.54), down 0.91 percent in the last 24 hours. DOGE is still in the top ten in terms of market capitalization, but SHIB has fallen to 12th.

After the discovery of a new, possibly vaccine-resistant coronavirus variety, investors dumped riskier assets for the perceived safety of bonds, the yen, and the dollar on Friday.

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