Bitcoin is falling for the third day because of rising tensions between the US and China

Bitcoin is falling for the third day because of rising tensions between the US and China

The current tension between the US and China has affected world markets, including the cryptoval, Bitcoin has been falling for the third day in a row, writing a Bloomberg resource. On Tuesday, the first cryptation dropped by 2.76% to $22693, and traded at $22,810 at the time of the release of the note. The cost of the Ethereum dropped even further by 6.9%, and the price of other digital coins also dropped.

As Bloomberg noted, the risk of escalation due to the forthcoming visit of the Speaker of the U.S. House of Representatives, Nancy Pelosi, to Taiwan forced investors to dispose of US shares and futures.

Before these events, Bitcoin showed a positive dynamic, rising by 27% in July, which is the largest increase in the month since October last year, and its cost came close to the $25,000 mark this weekend, giving hope that the worst for the cryptocular market this year is behind us and may soon be over.

According to Craig Earlam, the senior market analyst at Oanda, the batcoin leap last month was he admitted that the cryptation could continue.

According to Coinglass, Bitcoin will be trading between $200,000 and $25,000 in the near future.