The value of the cryptocurrency market could be affected again by said conflict, as it happened in March after the Russian invasion of Ukraine.

The tensions that recently arose between the Chinese government and the Taiwanese government, after the visit of the Speaker of the United States House of Representatives, Nancy Pelosi, to the island could generate collateral effects not only on the political level, but also on the the economic one.

This was due to the fact that China announced yesterday that it was suspending its cooperation with the United States in several key areas, including climate and defense, in retaliation for Pelosi‘s visit to Taiwan.

It may interest you: China stops its cooperation with the US after Pelosi’s visit to Taiwan

In this sense, several international media warn that on the economic issue, trade between the two countries could be strongly affected, something that would boost the possibility of the feared economic recession in the United States.

In this sense, this scenario could have a great impact on the market value of cryptocurrencies, mainly Bitcoin, because, as was verified in previous months, the behavior of traditional securities in the market has influenced the price of assets. digital, initially thought of as alternatives to these situations.

Alberto Cárdenas, a financial expert consulted by the Criptonoticias portal, warns that these types of conflicts, which can lead to war, are not positive for any type of market, especially because they are the mechanisms that drive inflation.

An example of this is the conflict after Russia’s invasion of Ukraine, which led to a crash in the crypto market, something that could also happen if the tensions in the China-Taiwan-United States triangle worsen.