Leading crypto currencies were largely unchanged, mirroring caution in the wider markets, with Bitcoin seemingly unable to break out of range due to technical resistance.
The largest coin by market cap fell 1.01% to US$47,059, failing yet again to push on to the next key resistance level of US$50,000, as it continues to trade around three-month high.
Ethereum fell 0.36%, changing hands at US$3,396.
Global equity markets took stock as Russia continued to intensify attacks in Ukraine days after pledging to reduce military action.
The tech-heavy Hang Seng in Hong Kong was down 211 points, or 0.95% to 207.44, while the Nasdaq saw a 1.21% fall, losing 177 points to 14,442.
The S&P 500 lost 0.63%, or 29 points, to 4,602 while Shanghai Stock Exchange fell 0.43%, or 13 points, to 3,252.
“Bitcoin is lacking its upward momentum, and the 50-day simple moving average on the daily time frame has become a serious resistance,” according to Naeem Aslam, a market analyst at AvaTrade,
“If the bull rally is going to continue, we must see Bitcoin price moving higher.”
Among the altcoins, however, there were some big climbers.
Solana was up 8.9% to US$121.65, its highest level since the end of January while Avalanche gained 6.74% to US98.81, its highest value since the start of the year.