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  The price of bitcoin fell below $35,000 early Thursday after Russian President Vladimir Putin announced a military operation in the Donbas region of Ukraine. Bitcoin was trading at $34,969 as of 1:22 a.m. ET, according to CoinMarketCap. That's a decline of more than 8% compared to a day earlier. 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. Other cryptocurrencies also dropped hard early Thursday. Ethereum tumbled more than 12%, according to CoinMarketCap, while dogecoin was down more than 14%. Edward Moya, a senior market analyst of the Americas at Oanda, said in a note to clients Thursday that "many crypto investors have been humbled by the last crash....

What is Cryptocurrency  Cryptocurrency is a digital currency. It is also called a virtual currency. It is a digital asset that handles its transactions using cryptography, cryptography is used impenetrably and confirms the transactions. In many countries, cryptocurrencies are used as alternative currencies. Bitcoin was added in 2009 as the first decentralized cryptocurrency. After that, many different cryptocurrencies came onto the market. These are usually known as Altcoins. These currencies use decentralized management as a counterweight to centralized digital money and central banking systems. How does it work? Distributed management uses Bitcoin's blockchain transaction database like a paid ledger. An encryption device generates decentralized cryptocurrency at a predefined price, which is communicated to the public. In centralized banking and the Federal Reserve System, boards of directors or governments manage the granting of currency through printing units of ca...