largest cryptocurrencybitcoinAs the international stock market fell, it fell more than 5% intraday on Tuesday (22nd), dropping to the lowest level in more than two weeks. The downside is the escalation of the conflict between Russia and Ukraine, which has led to a cooling of the demand for risk assets.
According to data from cryptocurrency tracking site CoinDesk,bitcoinIt fell 5.57% to 37,030.58 in intraday trading on Tuesday Dollar，etherAlso fell 5.73% to 2,571.81 Dollar。
bitcoinDropped below 40,000 over the weekend Dollarhurdles, and continued lower as the Ukraine crisis intensifies, weakening the argument that cryptocurrencies are a safe haven in times of geopolitical turmoil. Meanwhile, gold has risen to its highest level since June last year.
Russian President Vladimir Putin signed a decree following a nationally televised speech on Monday, announcing the recognition of the two republics established by Ukrainian separatists and ordering Russian troops to carry out “peacekeeping” missions in the separatist areas of Ukraine, which may lead to an intensification of confrontation between Russia and Western countries.
22V Research analyst John Roque said gold might rewrite all-time highs amid growing favor with traders, whilebitcoinMay fall below 30,000 Dollarpass.