Yet further risk-off sentiment is likely to hurt Bitcoin.
The EUR/USD pair rose slightly on Monday even as the number of Omicron variant cases keep rising and countries add travel restrictions.
The GBP/USD pair was little changed on Monday morning even as the UK confirmed that the Omicron variant had landed in the country.
The AUD/USD pair sell-off accelerated on Monday as concerns about the new Covid-19 variant remained.
The price has reached new 1-year lows below $1.1200.
The GBP/USD price continued its freefall as investors reacted to the relatively strong economic data from the United States.
The AUD/USD pair dropped to the lowest level since September 30th mostly because of the stronger US dollar.
The BTC/USD price remained under pressure as investors reflected on news about India.
There is room to fall below $1.3319.
The AUD/USD pair has been in a major bearish trend recently.
The EUR/USD was little changed in the overnight session as investors reacted to the strong European business activity data.
The BTC/USD pair has been under pressure in the past few days as investors brace for more supplies as Mt. Gox victims start receiving their payments.
Key support levels above 0.7150 are coming into sight.
The GBP/USD pair made a bearish breakout after the relatively strong US existing home sales data and after Biden announced his Fed Chair pick.
The BTC/USD price remained under pressure as investors focused on demand.