Bitcoin price collapses as Russia declares war on Ukraine.
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In the morning the value of the cryptocurrency fell about 7.5 percent, as traditional markets also fell.
Some analysts have long reported that the cryptocurrency could see its price rise due to global disruption, given its position as an alternative to government-backed currency and assets.
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However, bitcoin and other digital currencies have fallen in recent days as tensions between Russia and Ukraine have increased.
The latest falls mean the value of the cryptocurrency market as a whole has fallen 9 percent in the past day, according to tracking website CoinMarketCap.
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Many of these other cryptocurrencies saw even more dramatic declines than bitcoin. Ethereum fell nearly 11 percent on Thursday morning, and several major coins fell more than 10 percent.
Source of information: independent.co.uk
