By Frances Yue
Major cryptocurrencies plunged on Friday amid a broad sell-offs of risky assets, after a new variant of COVID-19 was detected in South Africa.
Bitcoin /zigman2/quotes/31322028/realtime BTCUSD -0.21% fell more than 7% over the past 24 hours, recently trading at $54,162 early in the New York trading day. The cryptocurrency is down more than 20% from its all-time high of $68,990 on Nov. 10, according to CoinDesk data.
Ether /zigman2/quotes/108573964/realtime ETHUSD -0.71% dived roughly 9% over the past 24 hours, recently trading at $4,017.
Binance coin recorded a loss of 9% over the past 24 hours, recently trading at $579.5. Solana /zigman2/quotes/229898318/realtime SOLUSD -4.73% dropped 10.4% over the past 24 hours to $190, while Cardano /zigman2/quotes/226258619/realtime ADAUSD -0.94% fell 9.4% over the past 24 hours to $1.5. XRP /zigman2/quotes/108573965/realtime XRPEUR -0.92% plummeted 9.4% over the past 24 hours to $0.95.
Dogecoin /zigman2/quotes/226077044/realtime DOGEUSD -1.22% is trading at around $0.206, with an 8.4% loss over the past 24 hours. Shiba Inu fell 6% over the past 24 hours to $0.000038.
The crypto market sell-offs are in line with other risky assets. Dow Jones Industrial Average futures /zigman2/quotes/210407078/delayed YM00 +0.24% slumped 793 points, or 2.2%, to 34957.
The World Health Organization is meeting on Friday to assess the new COVID strain B.1.1.529.