The cryptocurrency market is actively responding to geopolitical events related to trade between the US and China. The decline of the yuan opens new opportunities for Bitcoin.
Trade Tensions between the US and China
Relations between the US and China have escalated again after President Donald Trump imposed a 104% tariff on Chinese imports. In response, Beijing allowed a significant depreciation of the yuan against the dollar, which has fallen to its lowest point since early 2023. Experts believe this could provoke further changes in the Chinese currency and trigger a wave of investments into assets like Bitcoin.
Institutional Interest in Bitcoin
Despite market volatility, leaders of major cryptocurrency companies remain optimistic about institutional adoption of Bitcoin in 2025. At Paris Blockchain Week, specialists noted that significant changes in the financial sector are expected, including those related to regulation and increased availability of crypto services for traditional banks.
Introduction of New Bitcoin Futures Products
Recently, the Chicago Board Options Exchange (Cboe) announced the upcoming launch of a new Bitcoin futures product at the end of April. This product will be based on the VanEck Bitcoin Strategy ETF and will be cash-settled. This innovation is expected to attract additional investor interest and strengthen Bitcoin's presence in financial markets.
Given the current changes in the global economy, Bitcoin continues to demonstrate its resilience and ability to attract the attention of institutional investors. It is likely that the weakening yuan will contribute to further growth of the cryptocurrency.
