Bitcoin May Get Boost as Chinese Yuan Devalues Amid US Trade War
The last several weeks have seen economic policy wreak havoc on the markets. However, that could be set to benefit the leading cryptocurrency, as Bitcoin may get a boost with the Chinese yuan devaluing amid the brewing US trade war aligning with historical trends for the token. Both the United States and China have been embroiled in rising geopolitical tensions; the markets are in a concerning spot. Following the debut of US President Trump’s Liberation Day tariffs, the US stock market suffered a three-day selloff that wiped $5 trillion of value in US equities. Source: Watcher Guru Also Read: BTC: Why Is Bitcoin Crashing Today Falling to $76,000? Bitcoin May Be the Winner of the Brewing US-China Trade War Throughout the year so far, geopolitical tensions have led to an increasingly unpredictable finance market. Not only has that upset traditional sectors but the cryptocurrency market as well. Despite the regulatory headway it’s made this year, the leading token may get a sur...