The crypto market rally was hit from all directions last week, with the major indexes tumbling below key levels by Friday on the new Omicron Covid variant. The current uncertainty makes it difficult to navigate the crypto markets rally. Investors should be playing more defense than offense until conditions clearly improve. More clarity on the new omicron variant is needed.
A new coronavirus variant with a large number of mutations, first detected in South Africa, is raising concerns. It’s unclear if the B.1.1529 Covid variant, dubbed the omicron variant on Friday, is more deadly or infectious than prior strains, or whether vaccinations or prior Covid infection provide substantial protection. But health officials are worried.
The World Health Organization noted that the omicron variant appears to have a higher risk of reinfection for people who have already had Covid-19. The WHO declared it a “variant of concern,” the first such designation since the delta variant a year ago.
The U.S., U.K., European Union, Australia, Israel and Singapore have suspended flights or entry from southern Africa.
Dutch officials on Sunday reported 13 Omicron Covid cases among travelers from South Africa to the Netherlands.
The U.K., Belgium, Australia, Italy, Hong Kong and Israel are among countries that have identified a handful of Omicron Covid cases.
Bitcoin(BTC) -1.38% Down
Bitcoin is down 1.38% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $1,025,108,094,786 USD. It has a circulating supply of 18,885,462 BTC coins and a max. supply of 21,000,000 BTC coins.
Ethereum(ETH) -1.92% Down
Ethereum is down 1.92% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $482,644,927,587 USD. It has a circulating supply of 118,525,567 ETH coins and the max. supply is not available.
Dogecoin(DOGE) -5.02% Down
Dogecoin is down 5.02% in the last 24 hours. The current CoinMarketCap ranking is #10, with a live market cap of $26,320,631,204 USD. It has a circulating supply of 132,304,152,845 DOGE coins and the max. supply is not available.
SHIBA INU(SHIB) -5.80% Down
SHIBA INU is down 5.80% in the last 24 hours. The current CoinMarketCap ranking is #12, with a live market cap of $20,764,983,620 USD. It has a circulating supply of 549,055,952,729,359 SHIB coins and the max. supply is not available.
Crypto markets irresistible gaming coins
The Sandbox(SAND) +12.1% UP
The Sandbox is up 12.1% in the last 24 hours. The current CoinMarketCap ranking is #35, with a live market cap of $6,120,404,009 USD. It has a circulating supply of 892,246,119 SAND coins and a max. supply of 3,000,000,000 SAND coins.
Gala Games(GALA) +4.18% UP
Gala is up 4.18% in the last 24 hours. The current CoinMarketCap ranking is #43, with a live market cap of $4,515,318,608 USD. It has a circulating supply of 6,977,205,436 GALA coins and the max. supply is not available.
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