Cryptocurrencies
Bitcoin, Ether Slide as Ukraine Conflict Spurs Risk-Asset Flight
- Ether plunges as much as 9.4%, briefly falling below $2,600
- Crypto market declines point to lower open for equities
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Bitcoin traded below $40,000 and Ether tumbled as much as 9.4% as the Ukraine crisis deepened, with Western nations imposing new sanctions on Russia after President Vladimir Putin refused to stop attacks on its neighbor.
Bitcoin, the largest cryptocurrency by market value, dropped by around 5% to about $37,450 as of 4:40 p.m. in New York, while Ether’s slump briefly took it below $2,600.