Chinese Yuan Weakens to Yearly Low Point, Will it Strengthen Bitcoin?

The national currency of China weakened beyond a critical level as political tensions with the US worsened.
The yuan dropped below 6.93 per dollar this week, within a striking range of its January 2017 low, owing to a series of negative factors from weaker equities to a vaguer monetary stance by the People Bank of China. Despite the central bank’s efforts to preserve the yuan value by relaxing reserve ratios for banks, the market’s largest stocks fell by over 5 percent.
The late