Cryptocurrency Omicron in frenzy over COVID-19 variant

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Trading in the cryptocurrency Omicron exploded Monday and its value gyrated after the World Health Organization 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 $700 early Monday, about 10 times its previous value, according to the crypto news website CoinMarketCap.

It later fell to $152 before rebounding and stabilising at around $350.

The WHO on Friday gave the name Omicron to the latest variant of the coronavirus to worry officials,…

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