China counters tariffs with yuan devaluation, which is 'bullish for BTC'

With US President Donald Trump imposing 104% tariffs on Chinese imports, Beijing is responding by letting the yuan weaken against the dollar — a move that analysts say could spark the next leg of the Bitcoin bull market. On April 8, the yuan-to-US dollar exchange rate fell to its lowest level since 2023, signaling the Chinese central bank’s readiness to let its currency fluctuate more freely.  The US dollar-to-yuan exchange rate on April 8 source: https://cointelegraph.com/news/china-counters-tariffs-yuan-devaluation-bullish-btc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound