After the sale of several virtual currencies, Bitcoin rebounded to over $ 57,000.

After Bitcoin and other cryptocurrencies declined last week, Bitcoin returned on Monday.

First, according to Coinmetrics, a blockchain analytics company, the price of Bitcoin has fallen from $ 57,373 to $ 57,733.

The closing price increased near the closing price, with a final exchange rate of $ 57,038, up 5% in the past 24 hours.

At the same time, other digital assets rose as well, with Ether up 5% to $ 4,321 and XRP up 4% to 97 cents.

VijayAyyar, head of Luno Asia Pacific for the VijayAyyar cryptocurrency exchange business, said before the announcement that the changes in the omicronCovid variant showed minor symptoms, causing the market to slow down.

“In our first review, we found that this change had not occurred in symptoms, which helped boost recovery,” he said.

Smart traders will therefore have to buy this downside.

Bitcoin fell to $ 53,549, its lowest level since October, last week over fears that a new coronavirus could lead to massive sales of commodities and other dangerous treasures.

The world's largest digital exporter entered the bear market, losing more than 20% from its recent record high of $ 69,000. The bear's performance is typically 20% below its most recent high.

As the virus spreads, new mutant viruses found in South Africa have spread to many countries including the UK, Germany and Italy.

In response to these changes, the US, UK and other countries have restricted travel to Africa. The UK has also taken new steps to tackle the new mutant virus, including wearing masks in UK shops and bus stations.

Dr. Angelique Coetzee, a South African doctor who first diagnosed omicron on Sunday, said the symptoms were "severe," reducing fears of a return from the shutdown over the holidays.

Ayyar said, “Last week we saw the world around us adding uncertainty to all the risks, but the upside has always shown how strong the trend is. This is what we are seeing.

He added that if Bitcoin falls between $ 48,000 and $ 50,000 per day or week, "that means a drop."