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Bitcoin, altcoin prices tank

Bitcoin has dropped in value by more than 5 per cent in the last day, and its price has inched closer to the $37,000 mark.

The leading cryptocurrency has dropped in value by nearly 15 per cent in the last week amid rising tensions in the Ukraine border.

Ethereum has also tanked at a similar rate in the last 24 hours and is currently valued at around $2,600.

Other leading cryptocurrencies, including cardano and solana have also tanked by about 12 per cent in the last day, while memecoins dogecoin and shiba inu have dropped in value by 7 to 10 per cent during the period.

The overall cryptomarket is down by 6 per cent in the last day and is valued at $1.67 trillion.

The chart looks mostly red with no signs of recovery yet.