Bitcoin and Other Cryptocurrencies Sink on Mounting Russia-Ukraine Tensions

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Bitcoin and Other Cryptocurrencies Sink on Mounting Russia-Ukraine Tensions
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Bitcoin sank as low as $36,370 early Tuesday, its lowest level in more than two weeks.

Bitcoin is often touted by its proponents as a safe haven asset akin to gold, meaning it should offer a store of value in times of uncertainty.

Bitcoin is now well below the all-time highs above $68,000, which it reached in November 2021, and some investors believe this is as good as it's going to get for the cryptocurrency for some time.

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