Bitcoin plunges below $ 41,000-Ukraine is weighed down-Bloomberg

Cryptocurrency (virtual currency) Bitcoin has dropped sharply in the transaction on the 17th. It is a development to try the 50-day moving average by breaking below $ 41,000. Concerns regarding Russia’s invasion of Ukraine are rising once more, putting pressure on the global market, including risk assets.

Bitcoin temporarily dropped by 7.4%. Ether fell 8.2%, and polkadot and other cryptocurrencies with relatively small market capitalization also fell.

“But how much monetary policy continues to market,” said Barbara Matthews, founder and CEO of BCMS Strategy, “the geopolitical situation in Europe and Ukraine is having a significant impact.” I think it’s underestimated whether it’s causing great uncertainty and variability. “

Original title:Bitcoin Falls Below $41,000 as Russia-Ukraine Tensions Weigh(excerpt)