Cryptocurrency price latest: Bitcoin falls below $40,000

 Bitcoin's price has dropped below $40,000, and the value of other major cryptocurrencies, such as Ethereum, has also dropped. The ongoing conflict between Russia and Ukraine continues to have an impact on the global cryptocurrency market.

Apart from the confrontation between Moscow and Kyiv, South Korean President-elect Yoon Suk-yeol has vowed a crypto-friendly administration.

BITCOIN, ETHER DOWN

The price of bitcoin dropped 1.69 percent to $38,486. Bitcoin appears to be on the verge of remaining volatile. At $2,567, Ethereum was down 0.79 percent.

"In the last 24 hours, the global crypto market cap declined by roughly 3%, while trading volume increased by 17%. The price of Bitcoin and Ethereum fluctuated during the weekend. At the time of writing, BTC and ETH are trading at $38,000 and US$2,500, respectively. Over the previous week, the most valuable cryptocurrency, BTC, has fluctuated between $38,000 and $42,000 "Mudrex's CEO and Co-Founder, Edul Patel, stated.

OTHER CRYTOCURRENCIES IN RED

XRP was down more than 4%, Solana was down more than 2%, Avalanche was down more than 4%, Polkadot was down more than 3%, Stellar was down more than 3%, Dogecoin was down more than 1%, and Shiba Inu was down more than 2%.

The top cryptocurrencies, according to market cap, are also in the red. Cryptocurrencies, stocks, and commodities have all seen significant price fluctuations in the last month, indicating investors' concern about the war crisis and inflation. We could see a lot of high volatility in the Crypto Market this month as a result of these factors, according to Patel.

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