Bitcoin backs off two-week high on low demand

Bitcoin declined on Monday for yet another session away from two-week highs as investor demand declines amid risk aversion.

Bitcoin is about to fall below $40,000 yet again as investors await developments on the Ukrainian crisis as peace talks falter.

Ukraine warned this weekend that if peace talks fell apart with Russia, it might lead to World War 3.

So far the negotiations failed to reach any true settlement or common ground on a ceasefire agreement.

At Bitstamp, bitcoin fell $776.33, or 1.9% to $40,516, with an intraday high at $41,505.

Bitcoin lost 2.5% on Sunday on active profit-taking away from two-week highs at $42,405.

Crypto market value fell $30 billion today to a total of $1.83 trillion as most major cryptocurrencies decline.

Goldman Sachs, the major investment bank, continued to expand its expertise with crypto trading, implementing a new kind of trade called the OTC.

It's a Bitcoin option that's non-deliverable, and it's the first such kind of trading done by a major bank in the US.