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Home News Crypto

Bitcoin Poised for Breakout as U.S.-China Tariff Clash Escalates

8 April 2025
in Crypto, News
Reading Time: 3 mins read
109 4
source: coinpedia.com

source: coinpedia.com

Bitcoin could be on the brink of a breakout as escalating tensions between the U.S. and China revive investor appetite for alternative assets.

According to a recent analysis by Singapore-based blockchain firm Matrixport, Bitcoin could mirror its 2015 trajectory when the devaluation of China’s yuan initially led to a BTC sell-off before a strong year-end rebound. Analysts highlighted that the USD/CNY exchange rate is approaching critical resistance levels, potentially signalling more yuan weakness and, in turn, a bullish setup for Bitcoin.

“In 2015, following RMB devaluation, Bitcoin initially experienced a sell-off but concluded the year with significant strength. We may see a similar scenario unfold now, as parallels emerge with our bullish gold research from 18 months ago,”

Matrixport noted in a report shared on X.

The latest standoff stems from former President Donald Trump’s renewed threat to impose a 50% tariff on Chinese goods. This ultimatum has drawn fierce backlash from Beijing, warning of full-blown retaliation.

China’s Ministry of Commerce condemned the proposed tariffs as “blackmail,” vowing to “fight to the end” and hitting back with 34% duties on American imports. The intensifying war of words has reignited fears of a global economic slowdown and currency volatility—conditions that have historically favoured Bitcoin’s performance.

“The U.S. side’s threat to escalate tariffs against China is a mistake on top of a mistake, once again exposing the American side’s blackmailing nature.”

A spokesman for China’s commerce ministry said.

Even amid near-term concerns around rising U.S. Treasury yields, Matrixport remains optimistic about Bitcoin’s long-term potential despite fears of rising U.S. Treasury yields, suggesting current prices may be “artificially suppressed” and could quickly increase due to geopolitical tensions and inflation fears. Additionally, recent Bitcoin volatility was influenced by China announcing new tariffs on U.S. goods, escalating the ongoing trade dispute and raising concerns about broader economic implications.

 

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