forbes.com
Topline
The price of bitcoin dropped below $35,000 for the first time since July 2021 on Thursday as Russia began its military operation in Ukraine, a selloff that some analysts have previously warned could continue to worsen until tensions subside in eastern Europe.
Key Facts
The price of the world’s most valuable cryptocurrency has slumped more than 7% since Wednesday evening, dropping to about $34,763 by 11.50 pm ET before climbing back over $35,000 after midnight.