
Bitcoin set to soar as China vows to counter Trump's 50% tariffs
Date: 2025-04-08 09:17:19 | By Rupert Langley
Bitcoin on the Brink: Geopolitical Tensions Could Spark Epic Rally
Holy smokes, folks! China's throwing down the gauntlet against Trump's tariff threats, and guess who's ready to party? That's right, Bitcoin might be gearing up for a wild breakout, just like it did when geopolitical chaos hit the fan before!
Listen up, the geopolitical fireworks are pulling eyes back to Bitcoin (BTC), and Matrixport's calling it: we could see a rally like back in 2015 when the yuan took a nosedive, triggering a sell-off before BTC bounced back like a boss by year's end.
Check this out, in a hot-off-the-press report, the brainiacs at Singapore's blockchain powerhouse, Matrixport, are saying the USD/CNY exchange rate is flirting with some serious resistance levels. That could be the green light for Bitcoin to go wild as the yuan feels the squeeze.
📊Today’s #Matrixport Daily Chart - April 8 2025 🔽
Bitcoin Poised for Rally as USDCNY Approaches Key Resistance#BTCETF #Matrixport #BTC #Crypto #market #trading $BTC #MarketTrends #RMB #USDCNY #Market #US pic.twitter.com/ZVgRV5Zt69
Yeah, sure, U.S. Treasury yields might be giving some folks the jitters in the short term, but these analysts? They're still all in on Bitcoin's long game.
"Back in 2015, after the RMB took a hit, Bitcoin dipped but then roared back to end the year strong. We might be seeing history repeat itself, just like our bullish gold call from 18 months back."
Matrixport
Geopolitical Battle Royale
Here's the deal, it's all tied to the epic U.S.-China showdown. Beijing's ready to "fight to the end" over Trump's wild 50% tariff threat on Chinese goods. Things are heating up fast, with Trump doubling down unless China backs off its own 34% tariffs on U.S. stuff.
China's not messing around, calling out the U.S. for what they see as straight-up "blackmailing" with these new tariffs.
"Threatening to crank up tariffs on China is just piling mistake on mistake, showing the world the U.S.'s true blackmailing colors."
A spokesman for China's commerce ministry
So, what's this mean for Bitcoin? With geopolitical risks cranking up and the yuan looking shaky, it could be the perfect storm for Bitcoin to soar, as investors dive into crypto to dodge inflation and market madness, the analysts say. They're hinting that current prices might be "artificially suppressed," but get ready, because they're "ready to surge upward rapidly."

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