Bitcoin dips to below $40K as investors shed risk with war raging on

Bitcoin (BTC-USD) dropped to below $40K since Friday afternoon as commodities surged, the U.S. dollar rose, and riskier assets like cryptocurrencies fell as the war in Ukraine prompts investors to seek safer bets. Bitcoin (BTC-USD) recently traded at $38.6K, after slipping to as low as $37.7K in Monday trading. Ethereum (ETH-USD) is down 2.2% to $2.56K. For crypto-related stocks, MicroStrategy (NASDAQ:MSTR) shares are falling 1.6% in premarket trading; Bakkt Holdings (NYSE:BKKT) -2.3%, Coinbase Global (NASDAQ:COIN) -1.3%, Marathon Digital (NASDAQ:MARA) -1.0%, Bitfarms (NASDAQ:BITF) -1.5%, Bit Digital (NYSE:BIT) -0.9%, Hut 8 Mining (NASDAQ:HUT) -2.4%. Riot Blockchain (NASDAQ:RIOT) shares manage to rise 0.4% in premarket. Other cryptocurrency moves: Binance coin (BNB-USD) little changed at $379.53, XRP (XRP-USD) +0.9%, Terra (LUNA-USD) -2.4%, Cardano (ADA-USD) -1.7%, and Solana (SOL-USD) -3.4%. Previously (March 4), Bitcoin dips after nuclear plant fire and Russian sanctions Also see: Dow Jones, S&P, Nasdaq futures fall, oil prices gain but pull back from highs