Bitcoin falls short of $25K as US, China tensions over Taiwan grow

Heightening tensions between the U.S. and China, over Taiwan, coincide with market uncertainty and a local top for Bitcoin. Bitcoin (BTC) posted a local top of $24,600 on July 30 before closing three consecutive daily red candles. Peak to trough losses over this period came in at $1,800, or 7%. Today, August 3, sees some reprieve, as buyers give rise to a 3% upside swing. As of press time, BTC was trading at $23,300, while the rest of the market was trading flat with a slight upside bias. According to Bloomberg News, a consideration of recent crypto price action was…