Cryptocurrencies fall after Russia invades Ukraine – Reuters

Cryptocurrencies fall after Russia invades Ukraine – Reuters

LONDON, Feb 24 (Reuters) - Bitcoin slumped to its lowest in a month on Thursday after Russian forces fired missiles at several cities in Ukraine and landed troops on its coast, sparking a sell-off of riskier assets.

Bitcoin fell by as much as 7.9% to $34,324, its lowest since Jan. 24, and was last trading down 4.5%. Smaller coins that typically move in tandem with bitcoin also fell, with ether losing as much as 10.8%.

Russia launched an all-out invasion of Ukraine by land, air and sea, the biggest attack by one state against another in Europe since World War Two and confirmation of the worst fears of the West. read more