Omicron coin starts to rise amidst pandemic While there is a new COVID-19 variant on the prowl, there is also a new coin on the rise. Omicron, the namesake of the new variant, is starting to make its way to the upper ranks of the crypto market with 2021 nearing its end. The Bitcoin price may have lost more than 5% in a matter of hours as it continues to take a decline from an all-time high.