BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB By Cointelegraph

(BTC) and most major altcoins sold off along with global equity markets and on Nov. 26. The markets were roiled on news of a new coronavirus variant detected in South Africa that is worrying scientists due to its large number of mutations in the spike protein.

The sharp fall has resulted in cross-crypto liquidations of over $750 million over the 24-hour period but the funding rates across exchanges remain elevated. This suggests that the selling may not be over yet.