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Mark Gongloff

An ‘Omicron’ Crypto Is Surging Because Reasons

Just as news of the latest Covid-19 variant broke, a crypto thing by the same name jumped 900%. Good luck making sense of it all.

What is meaning?

What is meaning?

Photographer: Jack Taylor/Getty Images Europe

A crypto thing called Omicron has soared more than 900% since Saturday because there is now also a Covid variant called omicron. That's it. That's the reason. 

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.