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Bitcoin falls due to rising tensions between US, China

03 August 2022 06:30

The current escalation of tensions between the US and China has affected global markets, including the cryptocurrency one - bitcoin has been falling for the third day in a row, Bloomberg reports.

On August 1, the first cryptocurrency fell in price by 2.76% to $22,693 and was trading at $22,810 at the time of publication of the note, 3dnews.ru reports.  

The cost of Ethereum decreased even more - by 6.9%, and the price of other digital coins also fell. 

The risk of escalation in connection with the upcoming visit of the speaker of the US House of Representatives Nancy Pelosi to Taiwan has forced investors to get rid of US stocks and futures, Bloomberg reports.

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