The new Coronavirus Omicron mutant forced cryptocurrencies to decline Thursday morning.<\/p>\n
The drop in cryptocurrencies came in light of the great concern of investors about the Omicron outbreak.<\/p>\n
The arrival of the new strain to the US was confirmed, at a time when the President of the Federal Reserve of the United States, Jerome Powell, made statements about the rise in inflation.<\/p>\n
The US Centers for Disease Control and Prevention said yesterday evening that the country had discovered the first Omicron infection in a patient coming from South Africa.<\/p>\n
Earlier in the day, Powell said policy makers need to be prepared for the possibility that inflation does not subside during the second half of next year, as expected.<\/p>\n
Polkadot, Chainlink, Ethereum, and Dogecoin led the cryptocurrency’s decline, dropping by large percentages ranging from 3 to 4%.<\/p>\n
By 6:12 GMT, the market capitalization of cryptocurrencies had reached $2.60 trillion.<\/p>\n
There are 8,666 digital currencies in the world.<\/p>\n
Global markets and the cryptocurrency market were subjected to a violent jolt after the sudden statement by Powell that inflation is no longer temporary.<\/p>\n
Those comments in which the Fed chief hinted that it was time to discuss a faster change in monetary policy threw all asset prices into the hands of the dollar strengthening against everyone else.<\/p>\n