Bitcoin Drops to $40,000 as Ukraine Fears Grow | CoinMarketCap

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Bitcoin came perilously close to falling below $40,000 on Thursday amid fresh geopolitical tensions between Russia and the West 🚨

While altcoins were also in negative territory, many major cryptocurrencies had more modest losses.

BTC's fortunes have been closely correlated with the stock market of late — and Wall Street has been especially nervous when it comes to the Ukraine crisis.Executive Order Coming Next Week?that an executive order relating to digital assets is imminent — and could be released as early as next week. It's believed this would direct governmental agencies to scrutinize cryptocurrencies, come up with a strategy for regulation, and examine whether the U.S. should follow other nations in developing a central bank digital currency.

 

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What to watch today: Stocks set to drop as Russia-Ukraine situation gets muddy againU.S. stock futures dropped Thursday as NATO accused Russia of adding forces at the Ukraine border not reducing them.
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