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31 July 2021

Delta Variant Fears Drag Global Stock Markets Down as Bitcoin Slips - Decrypt

Delta Variant Fears Drag Global Stock Markets Down as Bitcoin Slips - Decrypt


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Delta Variant Fears Drag Global Stock Markets Down as Bitcoin Slips.

As the price of Bitcoin plunged by another 4% over the last day, dropping below $30,000 for the first time in a month, stock markets around the world were rocked by concerns that a recent spike in the Delta variant of COVID-19 cases could threaten global economic recovery.

"There's concern among investors that the Delta variant could reset the clock in terms of the progress we've made with COVID-19 and the pickup in the economy," Andre Bakhos, managing director at New Vines Capital LLC in New Jersey, told Reuters.

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