Bitcoin and some other cryptocurrencies were doing fine for some time, but today something really bad happened. The price of bitcoin dropped by more than 15 percent and the price of Ethereum also dropped by more than 15 percent today. Many other cryptocurrencies also got affected and the price of almost all major currencies fluctuated. many cryptocurrency experts have stated that the fear of spread of Omicron variant is one of the main reasons why the global stock market crashed today and Omicron variant is the main reason why coins also fluctuated in value. Bitcoin lost more than $10,000 in value in a single day. This might be signaling a warning and I think I already speculated that the Omicron might have some effect on the cryptocurrency market, as I discussed this issue in one of my posts. The year 2022 could be worst for cryptocurrency investors in case the variant spreads and causes another pandemic. This could also have a major effect on short-term traders as well because market fluctuations usually affect all people involved in the business and cryptocurrency markets are certainly no exception to this rule.