According to Fox News, the United States has detected cases of a new COVID-19 variant associated with a recent surge in China, raising concerns among traders about renewed global economic uncertainty and heightened market volatility. Historically, news of new COVID-19 variants has triggered sharp movements in cryptocurrency prices, with investors seeking safe-haven assets like Bitcoin and Ethereum amid risk-off sentiment. Traders should closely monitor updates on this variant, as increased volatility could present both risk and opportunity in short-term crypto trading strategies. Source: Fox News (May 24, 2025).