Bitcoin fell below $ 35,000 early Thursday

Bitcoin was trading at :2 34,969 at 1:22 a.m. ET, according to CoinMarketCap.

More than 8% less than before

The value of the cryptocurrency fell below $ 40,000 over the weekend, and Ukraine continues to depreciate as it intensifies.

Other cryptocurrencies also declined. According to CoinMarketCap, Ethereum fell more than 12%, while dogecoin was down more than 14%.

Ethereum and dogecoin were trading at $ 2,349, respectively.

Moya predicts that the bitcoin will likely see reasonable resistance above the 40,000 level.

Many corrupt investors have failed miserably

Has ordered an attack on Ukraine. So the United States and European countries, including the West, have chosen to impose strict sanctions.

Nevertheless, Putin has categorically stated that he is not backing down and the west should get involved.

Market strategists have shown how the growing conflict between Russia and Ukraine could affect the bitcoin and the entire crypto market.

The entire crypto market cap stands around $1.64 trillion, having dropped approximately 11 percent in the past 24 hours.

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