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Bitcoin, Ether Slump as US House Speaker Pelosi's Taiwan Trip Weakens Risk Sentiment

"There will be serious consequences if Pelosi visits Taiwan," China's foreign ministry spokesperson said on Monday. But geopolitical tensions are hard to predict and often trigger knee-jerk reactions in risk assets.

Updated May 11, 2023, 5:27 p.m. Published Aug 2, 2022, 8:48 a.m.
Nancy Pelosi is slated to land in Taiwan later Tuesday, according to local media reports. (Source: harryho34/Pixabay)
Nancy Pelosi is slated to land in Taiwan later Tuesday, according to local media reports. (Source: harryho34/Pixabay)