During the early trading hours of Monday morning, 82 of the top 100 digital currencies were trading in the red.

Bitcoin and Ethereum have given up the gains earned at the end of last week as Russia continues its onslaught on Ukraine and US Vice President Joe Biden warns China about the risks of helping the former nation in a conflict.

Bitcoin has down 2.2 percent in the last 24 hours to US$40,990, while Ethereum has dropped 1.9 percent to US$2,871.

Bitcoin's movement in the broader crypto market has fallen significantly below last week's high as investors are concerned about supply chain concerns, the continuing coronavirus epidemic, increasing inflation, and a downturn in global technology markets. Nonetheless, the biggest cryptocurrency by market capitalization has managed to avoid a further drop in value during the last 24 hours. Bitcoin's value increased by 1.34 percent through Wednesday, and it is now worth $45,323 (approximately Rs. 35 lakh), up 0.15 percent in the last 24 hours on Indian platform CoinSwitch Kuber. Meanwhile, the