Inverse Bitcoin Price to Yuan Correlation Sets a New Record

Over the past few months, a trade war has been raging between the U.S. and China. Throughout this, Bitcoin (BTC) has managed to post stellar gains, rallying by some 100% since the latest leg of this dispute began.
While many believe that this is nothing but a coincidence, data is starting to show that the trade war has had a substantial effect on Bitcoin’s dynamic.
Related Reading: Falling Renminbi Serious Use Case for Bitcoin: DBS Chief Economist
Bitcoin Trading at Record Inverse Correlat