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As the Russia-Ukraine conflict heats up, $140 billion has vanished from cryptocurrency markets.

The escalating conflict between Russia and Ukraine continues to harm the financial markets, and the crypto space is no exception. Bitcoin slumped by $3,000 in a day, while most altcoins went through double-digit price drops in 24 hours.

Bitcoin Nosedived to $36K

Less than a week ago, Bitcoin traded at $45,000 before the bears took complete control over the market and started to push the asset south vigorously. After dropping by $5,000 to the coveted $40,000 line, BTC stood there for a while but ultimately dumped below it during the weekend.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

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