“The Merge narrative on [Ethereum] has been getting a little cloudier,” said Joshua Lim, head of derivatives at Genesis Trading. “The 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.)
Source: https://www.coindesk.com/markets/2022/08/02/first-mover-asia-fed-fears-and-pelosi-taiwan-trip-reverse-bitcoins-recent-gains/?utm_medium=referral&utm_source=rss&utm_campaign=headlines