The asset, which has been in sharp decline since last autumn, plunged overnight on Wednesday in the wake of the Russian attack in Ukraine.
Bitcoin fell below $35,000 on Wednesday night after Russian troops invaded Ukraine. Relatively stable in recent days at around $37,000, the asset fell sharply to a low of $34,472.
The asset rallied slightly in early morning trading back above $35,000 but was still showing signs of weakness as European stock markets slumped in early trading.
This fall comes in a downward trend that the crypto asset has been experiencing since last November. After flirting with $68,000, Bitcoin fell sharply to $35,030 on 22 January. The asset then began a recovery, which was eventually thwarted by the Russian invasion. Bitcoin had not fallen below $35,000 since July 2017.
In the wake of Bitcoin, the larger cryptocurrencies also fell: Ethereum traded at $2,300, while Binance Coin fell from $368 to $335.