Bitcoin falls 4% due to the attack on Ukraine and is close to the minimum of the year

©Reuters. Bitcoin falls 4% due to the attack on Ukraine and is close to the minimum of the year

(Updated with data after markets close in Europe)

Madrid, Feb 24 (.).- The , the most traded cryptocurrency in the world, moderates its fall to 4% after plummeting almost to the minimum of the year affected by the invasion of Ukraine by Russia, a movement that has caused the collapse of the world’s great stock markets.

Shortly after 18:00 GMT, the cryptocurrency is trading at $35,928, down 4.32% from the last close, 22% below its level at the start of the year, and almost 50% from the highs of November 2019. 2021, according to Bloomberg data collected by Efe.

In this week, in which the news of the conflict in Ukraine has marked the evolution of the stock markets, it has lost 6.09%.

Bitcoin marked the minimum of this 2022 on January 24, when it touched $32,970, a level that the cryptocurrency had not reached since July 2021.

That day the bitcoin collapsed coinciding with the monetary policy meeting of the Federal Reserve (Fed) and the falls in the main stock markets of the world due to the fear of a tougher monetary policy than anticipated by investors.

eToro analyst Simon Peters explains that investors shy away from perceived risky assets in times of uncertainty and so when uncertainty arises. That is why we have seen that assets such as “bitcoin and some technology stocks have come under pressure over the last week”.

“It seems that investors are positioning themselves for a further drop in crypto assets,” he adds.

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.