
Bitcoin plunges below $37,000 as tensions between Russia and Ukraine climb
CNN
Bitcoin and other major cryptocurrencies have been feeling the heat this week as tensions between Russia and Ukraine escalate and investors shun riskier assets.
On Tuesday, bitcoin was trading at $36,649 at 2:30 a.m. ET, falling nearly 6.5% in the last 24 hours, according to data from CoinDesk. The world's most valuable cryptocurrency fell below $40,000 over the weekend, and has continued to slide as the Ukraine crisis intensifies.
The currency has lost almost half its value since its November high of $68,990 due to geopolitical tensions, the prospect of interest rate hikes by the US Federal Reserve and curbs by some major economies on digital assets.

More than two decades ago, on January 24, 2004, I landed in Baghdad as a legal adviser, assigned an office in what was then known as the Green Zone. It was raining and cold, and my duffle bag was thrown into a puddle off the C-130 aircraft that had just done a corkscrew dive to reach the runway without risk of ground fire. Young American soldiers greeted me as we piled into a vehicle, sped out of the airport complex and then along a road called the “Highway of Death” due to car bombs and snipers.












