The nCoV strain caused risk assets to sell off globally

Bitcoin fell into a bear market, while Asian and European stock indexes were in the red.

Bitcoin - the world's most popular digital currency this afternoon dropped 7.5% to 54,430 USD. Ether, the second most popular cryptocurrency, also lost 9%. The Bloomberg Galaxy Crypto Index is down 4%. As such, Bitcoin has lost 20% since its peak earlier this month, sending the digital currency into a bear market.

The new strain of nCoV discovered in South Africa is causing a series of other risky assets to sell off globally. European stocks today fell the most since July. FTSE (UK), DAX (Germany) and CAC 40 (France) are now down more than 3%.

Bitcoin price this afternoon plunged because of the new strain of nCoV.

In Asia, Hong Kong and Japan markets led the region's decline. Hang Seng Index closed the session losing 2.67%. According to South African Health Minister Joe Phaahla, this strain has been detected in Hong Kong. Nikkei 225 (Japan) fell 2.53%. Topix lost 2.01%.

In China, the Shanghai Composite closed down 0.56%. The Shenzhen Composite lost 0.34%. Kospi (South Korea) closed 1.47% lower.

DJIA futures this afternoon fell 2% at times. S&P 500 and Nasdaq 100 futures are also in the red.

Meanwhile, the price of gold is bouncing up. Each ounce of world spot gold this afternoon touched $1,810 at a time, up nearly $20 from yesterday.

WHO has scheduled an emergency meeting and closely monitors the new strain B.1.1.529, although it has only been recorded in a few cases in South Africa. "We don't know much about this variant yet. What we do know is that it has a large number of mutations. The concern is that when there are too many mutations, it could impact the way the virus behaves." , Dr. Maria Van Kerkhove, head of the technical team to respond to Covid-19 of the World Health Organization (WHO), said on November 25.

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