Cryptocurrency Omicron in frenzy over Covid-19 variant


Cryptocurrency Omicron, like others including Dogecoin, have benefitted from meme-based trading and notoriety from the real world. — REUTERS

Trading in the cryptocurrency Omicron exploded Monday and its value gyrated after the World Health Organisation (WHO) decided to use that name for the latest variant of Covid-19.

Obscure and relatively stable in recent weeks, the virtual unit jumped to nearly US$700 (RM2962.75) early Monday, about 10 times its previous value, according to the crypto news website CoinMarketCap.

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