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Nov. 26, 2021, 8:06 a.m. EST

Major cryptocurrencies tumble amid concern about new COVID variant

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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 +1.14% 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 +1.03% 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 +0.26% dropped 10.4% over the past 24 hours to $190, while Cardano /zigman2/quotes/226258619/realtime ADAUSD +2.72% fell 9.4% over the past 24 hours to $1.5. XRP /zigman2/quotes/108573965/realtime XRPEUR +1.18% plummeted 9.4% over the past 24 hours to $0.95.

Dogecoin /zigman2/quotes/226077044/realtime DOGEUSD +0.65% 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 +0.09%  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.

/zigman2/quotes/31322028/realtime
US : CoinDesk
29,453.21
+332.07 +1.14%
Volume: 0.00
May 21, 2022 3:40p
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/zigman2/quotes/108573964/realtime
US : Kraken
1,977.74
+20.10 +1.03%
Volume: 23.28M
May 21, 2022 3:40p
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/zigman2/quotes/229898318/realtime
US : Kraken
50.16
+0.13 +0.26%
Volume: 9.34M
May 21, 2022 3:40p
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/zigman2/quotes/226258619/realtime
US : Kraken
0.53
+0.01 +2.72%
Volume: 3.08M
May 21, 2022 3:39p
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/zigman2/quotes/108573965/realtime
US : Kraken
0.39
+0.0046 +1.18%
Volume: 1.89M
May 21, 2022 3:40p
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/zigman2/quotes/226077044/realtime
US : Kraken
0.08
+0.0005 +0.65%
Volume: 879,010
May 21, 2022 3:39p
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/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 31,241.00
+28.00 +0.09%
Volume: 217,004
May 20, 2022 3:59p
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