Bitcoin slumps, Ethereum down

The world’s most popular cryptocurrency, Bitcoin, was down by 7.02% at $40589.4

The global cryptocurrency market has been trading in the red after Russian president Vladimir Putin threatened to invade Ukraine again. Bitcoin’s price slumped below $41,000 as investors also remained concerned about inflation. Ethereum and other major altcoins plummeted during this period of uncertainty as well.

Bitcoin, the world’s most popular cryptocurrency, lost 7.2% of its value in one day and is currently valued at $40,589. Ethereum (the second largest cryptocurrency) also dropped by 5.99%.

The XRP cryptocurrency was down by 4.82% in the past 24 hours, with other popular coins like Stellar and Cardano also on a downward trend. This has been attributed to tensions between Russia and Ukraine as well as concerns about inflation levels among investors.

According to the market cap, top cryptos had a negative change in value. This drop-in crypto-market performance is due to current tensions between Russia and Ukraine.

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