According to Michaël van de Poppe, the correlation between the strength of the Chinese Yuan and Ethereum (ETH) is significant. He suggests that a rise in the Yuan could improve conditions for altcoins, indicating a potential trading opportunity. He also mentions that a decrease in yields, the Dollar, and Gold would be favorable for this scenario. Source: Michaël van de Poppe on Twitter.

According to The Kobeissi Letter, China has urged the United States to immediately cancel reciprocal tariffs or face counter-measures. This development could lead to increased volatility in the global markets, particularly affecting currency and commodity trading. Traders should be prepared for potential fluctuations in the Chinese Yuan and related assets as the situation evolves.