Bitcoin prices and major cryptocurrencies fell on Friday as investor appetite faded after Russia stepped up its attack on Ukraine.
Bitcoin was trading at just over $41,400, 4.72 percent less. The second-largest cryptocurrency by market cap, Ethereum, was down 6.18 percent at $2,730.
Other cryptocurrencies, XRP was down by 3.65 percent, Solana was down 7 percent, Avalanche was down 5 percent, Cardano was down 5 percent, Polkadot was down 4 percent, Stellar was down 5 percent.
Popular cryptocurrencies like Dogecoin it was down 5 percent, Polygon was down 4 percent and Shiba Inu was down 4 percent.
CHINA TO TEST DIGITAL YUAN
Meanwhile, China is set to pass tests of the central bank's digital currency, the digital yuan, in various cities and regions. Economic sanctions on Russia have highlighted the potential role of digital assets and cryptocurrencies.
TIPS FOR BITCOIN BUYERS IN INDIA
โBitcoin dipped below $42,000 USD in the last 24 hours. The second largest cryptocurrency, Ethereum, is trading at $2,700 USD. Most cryptocurrencies on the market are also down as Russia steps up its attack.โ , Edul Patel, CEO and co-founder, told Mudrex.
โBTC price support remains between $37,000 and $40,000. To sustain the recovery phase, buyers need to keep BTC above the breakout level of $37,000. As there are very few signs of exhaustion , could keep short-term buyers active in the crypto market," Patel said.
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