Crypto currency's take a beating from Ukraine fighting

 Washington Examiner:

The price of Bitcoin has tumbled amid fears that Russia will soon invade Ukraine and engage in an all-out war.

Bitcoin fell below $37,000 early on Tuesday morning, a precipitous 6.5% decrease from the day before. Since dropping, it clawed its way back up a bit to about $37,700 by midday on Tuesday, a number that is still much lower than the $45,000 it reached earlier this month.

Other major cryptocurrencies have also retreated. Ethereum was clocking in at $2,610 on Tuesday, a nearly 25% decrease from where it was at earlier this month. Ripple was at $0.70, down a whopping 10% in just the past 24 hours alone, while Cardano was registering at about $0.87.

Bitcoin investors have been in for a wild ride over the past year or so. Bitcoin began 2021 at about $30,000 but broke its all-time high several times that year.

The flagship cryptocurrency rallied early on in 2021 and hit nearly $65,000 in April before it retreated from that peak. The summer was difficult for Bitcoin, which struggled over concerns about regulation, although its value once again exploded near the end of September and rallied to an all-time high of $69,000 in November. Bitcoin is now worth about 45% less than it was at its November zenith.

...

They do not have the same safety as precious metals when it comes to uncertain times.  Typical gold used to rise in value in times like these. 

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