The crypto market recorded an impressive monthly close, but the situation quickly changed to bearish on August 1, when major assets like Bitcoin and Ethereum returned significant losses. Geopolitical tensions are likely to blame following a showdown between the United States and China regarding House Speaker Nancy Pelosi’s visit to Taiwan. News and Analysis As I write this, Bitcoin is trading at $21, 974 (£18,000). It's fallen 25% in the past five days alone, to its What's happening to Bitcoin?lowest value in 18 months. Its peak of almost $70,000, in November, feels a lifetime ago.
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