Bitcoin Hovers Below $50k After Weekend Wipeout – Crypto Roundup, Dec 6, 2021

Ethereum shows strength as MATIC rises 7%  Global market jitters spread to crypto at the weekend, with Bitcoin falling to $42K before bouncing to almost $50K. Markets are digesting multiple uncertainties, including the many unknowns of the Omicron variant, and the possibility of an end to pandemic-era central bank stimulus. Combined with thin weekend trading volume and the build up of leverage, this led to cascading sell orders and liquidations across the crypto market on Saturday. Nevertheless, El Salvador’s President Nayib Bukele was not deterred and joined MicroStrategy in buying the....