Bitcoin News: Chinese Yuan Plunges to 18-Year Low Amid Trade War—Is a Bitcoin Bull Run Next?

Bitcoin could benefit from yuan weakness as Chinese capital seeks refuge in decentralized assets. The Chinese renminbi (CNY) has plummeted to its lowest level since 2007, becoming a central flashpoint in the escalating trade war between the United States and China. The move has reignited speculation that a weakening yuan could once again serve as a bullish catalyst for Bitcoin (BTC), as investors brace for tighter capital controls and seek alternative stores of value. Yuan Hits Rmb7 source: https://www.binance.com/en/square/post/22757735245937?utm_source=BinanceNewsRSS