Bitcoin slumps 6% as new Covid-19 strain upsets markets

Bitcoin slumps 6% as new Covid-19 strain upsets wider markets

The cryptocurrency was last down 5.1 per cent at $22,290 after hitting a record $24,299.75 on Sunday

Representative Image. Credit: Reuters Photo

Bitcoin dropped as much as 6 per cent on Monday, with fears over a fast-spreading new coronavirus strain in Britain hitting assets across wider markets.

The cryptocurrency was last down 5.1 per cent at $22,290 after hitting a record $24,299.75 on Sunday.

Bitcoin passed the $20,000 milestone for the first time last week, amid surging interest from larger investors.