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Bitcoin slumps as coronavirus variant shakes markets

LONDON (Reuters) -Bitcoin tumbled almost 8% on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds, the yen and the dollar. Bitcoin, the largest digital currency, fell as much as 7.8% to $54,377, its lowest since Oct. 12. “The spread of (the variant), especially to other countries, could wither investor appetite further,” said Yuya Hasegawa at Tokyo-based exchange Bitbank.

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