Taiwan Vs China: What Effect Does Crisis Have on the Price of Bitcoin?

Taiwan and China are currently in a face-off around Taiwan's sovereignty, affecting the Bitcoin price. The situation has come to a head after United States House of Representatives Speaker Nancy Pelosi visited the Asian country. As Pelosi's plane landed successfully, aircraft and navy vessels moved in the region. Tensions escalated, the price of Bitcoin and other cryptocurrencies reflected the drama in their prices. Bitcoin and altcoin markets are considered in the category of risky assets. As such they were negatively affected by the tension between China and Taiwan . The ongoing tension between Taiwan and China reached on Wednesday, and…