The price of bitcoin has plunged as Russia declares war on Ukraine.
The value of the cryptocurrency dropped around 7.5 per cent on Thursday morning, as traditional markets were also thrown into disarray.
:: Follow the latest from Ukraine on our live blog here.
Some analysts have long suggested that cryptocurrency could see its price sent up by global disruption, given its status as an alternative to government-backed currency and assets.
But bitcoin and other digital currencies have traded down in recent days, as tensions between Russia and Ukraine have increased.