The bond-based yield farming project originated as a fork of the OlympusDAO DeFi protocol in early November, but it has no more ties to the virus except the name. The news of the new COVID variation spread sent stock markets tumbling late last week, and Black Friday saw a big sell-off that wiped away November gains for the S&P 500 Index and the Nasdaq Composite. However, as the new week begins, things are looking up, with crypto markets back in the black at the time of writing, after plummeting to their lowest levels since mid-October on Saturday. According to CoinGecko, total market value has increased by 5.6% in the last 24 hours to $2.71 trillion. Omicron crypto price The price of omicron's omic coin has soared from around $50 to almost $400 in the last few days, as measured by cryptocurrency price data tracker CoinGecko. Despite its surge, neither CoinGecko nor the Crypto.com bitcoin and crypto exchange have enough data on omicron to give it a market capitalization.

Bitcoin (ARSC) suffered its worst day in two months on Friday, dropping by more than 8% as investors dumped stocks and other riskier assets in favor of perceived safe havens like the dollar. It has since recovered nearly all of its losses, with global markets gaining a semblance of calm on Monday. Crypto’s Great Reset: How Digital Asset Investors Will Recover From The Market’s $1 Trillion Meltdown Omicron the Covid Variant has roiled global markets because of fear that its many mutations could help it evade immunity defenses, although there is also hope it may cause milder disease.