Bitcoin is down nearly 8% over that span, per data from CoinMarketCap, after experiencing the largest single-day drop for the leading cryptocurrency in almost a month—since January 21.
Edward Moya, OANDA senior market analyst for the Americas, wrote in emailed comments that the threat of a Russian invasion of Ukraine has spurred Wall Street to tighten its belt—with the impact being felt in Bitcoin’s price today, as well.
Ethereum has seen a slightly more significant tumble during the same span, down more than 8% in 24 hours.
It’s not just the top two coins that are down today, either.
Solana is down 8% at a current price of $94, for example, with Terra, Polkadot, and Shiba Inu showing roughly the same percentage losses over the past 24 hours.