Bitcoin price: BTC drops as gold rises amid Russia’s attack on Ukraine – Deseret News

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What to know about bitcoin and gold as Russia continues attack on Ukraine

Russia’s attack on Ukraine has upended the global investment market as gold has seen a major spike in value and bitcoin saw a tremendous dip.
What happened: Gold has jumped to its highest levels in more than a year amid the Russian invasion of Ukraine, CNBC reports.
Meanwhile, the price of bitcoin dropped below $35,000 Thursday after Russian President Vladimir Putin announced a military operation in Ukraine, per CNN.
Why it matters: Bitcoin has often been considered digital gold, but the crisis between Russia and Ukraine shows the tremendous risk with the coin, per NBC News.
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