As Russia-Ukraine tensions continue to dampen spirits, bitcoin and ethereum lead the cryptocurrency sell-off

Bitcoin and other cryptocurrencies have experienced a significant drop in value. Fears of a Russian invasion of Ukraine were stronger on Friday.

Even as US stock futures gained in anticipation of diplomatic negotiations, the market remained risk averse.

According to Tacen's cofounder, rising cryptocurrency use makes predicting bitcoin's future impossible.

Bitcoin, the world's most valuable cryptocurrency by market capitalization, is down 39% from its all-time high of almost $69,000 in November, and some analysts are more pessimistic about the crypto sector's prospects in the future years. As a result of economic headwinds, Stifel's Barry Bannister predicted last week that bitcoin may drop 76% by 2023.