More Than $750 Million Worth of Crypto Positions Liquidated on Concerns Over New COVID-19 Variant ‘Omicron’

More Than $750 Million Worth of Crypto Positions Liquidated on Concerns Over New COVID-19 Variant ‘Omicron’
A physical representation of the Ethereum crypto product. Jack Taylor/Getty Images
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After the World Health Organization (WHO) warned of a new COVID-19 variant named Omicron detected in South Africa, the cryptocurrency market went into panic selling on Friday.

With Bitcoin (BTC) falling below $63,000 and markets closing in the red, many crypto traders have had their positions liquidated.