Bitcoin takes a deep dive. Today (Feb. 18) at 8:40 a.m. ET, the bitcoin price fell 7.77% to $40,804.0.
Bitcoin move into negative territory this morning after the DOW on Thursday (Feb. 17), closing down 622 points. Concerns over a possible war in Ukraine continue to bring volatility to the markets.
- The Dow Jones Industrial Average fell 622.24 points, or 1.78%, to close at 34,312.03.
- The S&P 500 was down 94.75 points, or 2.12%, to close at 4,380.26.
- The NASDAQ fell 407.38 points, or 2.88%, to close at 13,716.72 points.
Stocks fell in all segments today, led by the financial group, which fell almost 2%.
Barbara Matthews, an analyst at BCM Strategy, explained that geopolitical tensions in Europe and Ukraine have hit companies hard.
Recently, at an emergency meeting of the UN Security Council yesterday, U.S. Secretary of State Anthony Blinken spoke of Russia getting ready to attack Ukraine and that this attack was expected in the coming days.
VanEck Associates analyst Matthew Siegel said the stock market crash or the rise in crude oil prices and bond yields could also be a factor accelerating the decline in cryptocurrencies.
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Friday, February 18, 2022