According to André Dragosch, PhD, the potential pre-emptive devaluation of the Yuan by Chinese authorities could alter competitive dynamics by counteracting US tariffs. This move might signal increased monetary easing in China, which could influence cryptocurrency markets by impacting investor sentiment and liquidity flows. Traders should monitor these developments closely as they could affect market volatility and trading strategies.

According to IntoTheBlock, Bitcoin's correlation with the S&P 500 is currently notably high, contrasting with its low correlation with the US dollar index. This pattern is aligned with the observed crypto market weakness following the recent US tariffs news, suggesting that Bitcoin's price movements are increasingly influenced by equity market trends rather than currency fluctuations.

According to @BitwiseInvest, US tariffs have intensified foreign exchange uncertainty by strengthening the Dollar, thereby negatively affecting major cryptocurrencies like Bitcoin and Ethereum. This development is crucial for traders as it suggests potential downward pressure on these assets, thus impacting trading strategies and market positioning.