Bitcoin slumps 6% as new COVID-19 strain upsets wider markets

Bitcoin dropped as much as 6% on Monday, with fears over a fast-spreading new coronavirus strain in Britain hitting assets across wider markets.

The cryptocurrency was last down 5.1% at $22,290 after hitting a record $24,298.04 on Sunday. Bitcoin passed the $20,000 milestone for the first time last week, amid surging interest from larger investors.