Bitcoin (BTC) Dips Below $40,000 Over Ukraine And Possibility Of Fed Rate Hike
The price of Bitcoin plummeted below $40,000 on Monday, while other cryptocurrencies saw losses, according to Coingecko data.
BTC is trading extremely close to two long-term support levels but has not yet demonstrated any bullish reversal indicators.
This comes as investors remain wary of the situation in Ukraine and the possibility of a US central bank rate increase.
The global cryptocurrency market cap is $1.80 trillion, down 2.04 percent from the previous day. The overall crypto market volume
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