The Attractiveness of Bitcoin Has Not Been Affected by Geopolitical Tensions

Many experts and traders feared the visit of the speaker of the US House of Representatives Nancy Pelosi to Taiwan could provoke a massive exit of capital from risky assets.

Despite tensions in the Asia-Pacific region have been increasing over the past few days, the markets have calmly reacted to one of the most important political events of the week.

The tech sector and cryptocurrencies faced problems, but they were quickly resolved. Bitcoin fell below $23,000 last night and was able to rebound quickly.

On Wednesday, the price of Bitcoin jumped above $23,000, whereas its capitalization increased to $442.972 billion. Regarding Ethereum, the asset was trading at $1,640 after adding more than 3% in value overnight.