The price of bitcoin fell below $35,000 early Thursday after Russian President Vladimir Putin announced a military operation in the Donbas region of Ukraine.
Bitcoin was trading at $34,969 as of 1:22 a.m. ET, according to CoinMarketCap. That's a decline of more than 8% compared to a day earlier. The world's most valuable cryptocurrency fell below $40,000 over the weekend, and has continued to slide as the Ukraine crisis intensifies.
Read MoreBitcoin plunges below $37,000 as tensions between Russia and Ukraine climbEthereum and dogecoin were last trading at $2,349 and 10 cents, respectively. Edward Moya, a senior market analyst of the Americas at Oanda, said in a note to clients Thursday that"many crypto investors have been humbled by the last crash.""They are hesitant to increase holdings given the tremendous uncertainty for risky assets," he added.
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