![Fed Fears and Pelosi Taiwan Trip Reverse Bitcoin’s Recent Gains Fed Fears and Pelosi Taiwan Trip Reverse Bitcoin’s Recent Gains](https://www.coindesk.com/resizer/jYnT7S7b1GSPBZwHrK7YpSLUMHk=/800x600/cloudfront-us-east-1.images.arcpublishing.com/coindesk/JQWSJPNQLVE6FACG5BR363UEBI.jpeg)
“The Merge narrative on ETH 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.)