Bitcoin surging as Chinese Yuan plunges
China's Yuan plunging worsens risk aversion and leads to a surge in demand for 'safe-haven' assets such as Gold, Silver, Bitcoin and Japanese Yen.
'Risk assets' such as oil and equities are taking a beating as the trade war gets worse. Look at the SP500 for example.
These trade war events are very important for us to watch as Bitcoin traders. USD/CNH charts turned on alongside BTC.
'Risk assets' such as oil and equities are taking a beating as the trade war gets worse. Look at the SP500 for example.
These trade war events are very important for us to watch as Bitcoin traders. USD/CNH charts turned on alongside BTC.
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