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.