Bitcoin falls for the fifth consecutive day due to tensions between the US and China

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In this context, he says: “Investors are advised to think ahead and Find ways to protect your wallets from the risk of a military confrontation real relationship between China and the United States.

The dispute between China and the United States over Pelosi’s visit to Taiwan reduced investors’ risk appetite following the Fed rate hike.

Betting on the options markets suggests that speculators see $ 25,000 as the upper limit for Bitcoin and $ 20,000 as the lower limit. This is due to a large number of current sales contracts, the so-called open interestsin any case at these exercise prices, according to the data processed by the Coinglass platform.

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“Bitcoin’s rally in July had the feel of a bearish rally, as we can see in the equity markets, that doesn’t mean it shouldn’t continue.” Craig Erlam, Oanda’s senior market analyst, said in a note quoted by Bloomberg.

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