Fed Fears and Pelosi Taiwan Trip Reverse Bitcoin’s Recent Gains

โ€œThe Merge narrative on ETH has been getting a little cloudier,โ€ said Joshua Lim, head of derivatives at Genesis Trading. โ€œThe complications around a proof-of-work fork could create some market dislocations and the geopolitics of Pelosi’s Taiwan visit are weighing on price.” (Genesis is owned by Digital Currency Group, which also owns CoinDesk.)

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