Trump has imposed 104% tariffs on Chinese imports, prompting Beijing to allow the yuan to weaken against the dollar.

This move is seen as potentially fueling the next phase of the $BTC bull market.

The yuan-to-dollar exchange rate hit a low not seen since 2023, indicating China's willingness to let its currency fluctuate more freely.

With the trade war escalating, there is a growing expectation for China to devalue its currency, leading to potential capital flight into assets like $BTC

Experts believe that the weakening yuan could drive the Chinese capital into $BTC , which is viewed as bullish.

The ongoing trade tensions between the US and China are also expected to result in increased foreign exchange volatility. Historically, Bitcoin has shown an inverse relationship with the US dollar, with a weaker dollar often correlating with a higher BTC price.