Bitcoin and other cryptocurrencies were under pressure on 21 February as investors continued to shun risk-sensitive assets in the face of geopolitical tensions.

Bitcoin, the leading cryptocurrency, was around 2% down over the past 24 hours and trading at $37,600, according to data from CoinDesk. It traded hands near $45,000 for much of last week, but plunged below $40,000 on 18 February — a critical level it has failed to reclaim.