Bitcoin Could Benefit from US-China Tariff Tensions, Says Arthur Hayes
BitMEX co-founder Arthur Hayes suggests that the ongoing US-China trade tariff standoff might trigger capital flight from China into Bitcoin, reminiscent of patterns seen during yuan devaluations in 2013 and 2015. As tensions escalate, the offshore Chinese yuan remains near a two-month low, potentially boosting Bitcoin demand.
US-China Tariff Response Could Boost Crypto,特别是 Bitcoin - Hayes
The US-China trade tariff standoff could lead to a renewed capital flight from China into Bitcoin, according to BitMEX co-founder Arthur Hayes. Hayes observed that during previous yuan devaluations in 2013 and 2015, a weakening Chinese currency bumped up the demand for Bitcoin. The offshore Chinese yuan held steady NEAR a two-month low at 7.35 per US dollar on Tuesday, amidst escalating tensions between the two largest economies. President Trump announced plans to impose an additional 50% tariff on Chinese imports, on top of existing duties totaling 54%. Beijing pledged to ’fight to the end’ to protect its economy in response.
Bitcoin Headed To $69,000? Analyst Predicts Short-Term Volatility
The ongoing tariff war has fueled market volatility, causing Bitcoin (BTC) to trade below the $75,000 mark for the first time since November. Despite recovering, Bitcoin risks more short-term volatility if it doesn’t reclaim key support levels soon. The largest cryptocurrency by market capitalization ended the week with a price drop below the $80,000 support zone, closing Sunday below the $78,500 mark. In the early hours of Monday, BTC continued bleeding toward the $74,500 support zone before bouncing, registering its lowest trading price in five months, touching November 6 levels.
Bitcoin Rally Alert: M2 Money Supply Fractal Suggests Imminent Price Surge
Bitcoin (BTC) has been under pressure following the US tariffs of 10% implemented on April 5. The cryptocurrency declined by more than 7% in the past 24 hours but has slightly recovered, trading in the low $80,000s. Crypto analyst Titan Of Crypto suggested that despite the current pessimism, a Bitcoin rally might be imminent due to a surge in the global M2 money supply. The analyst shared a chart indicating how BTC has historically followed the M2 money supply with a slight lag.
Ark Invest Buys $13.3M in Coinbase Shares, Sells $12.4M in Bitcoin ETF Shares
Amid a market slump, Cathie Wood’s Ark Invest acquired 84,514 shares of Coinbase Global Inc., valued at approximately $13.3 million, across two of its ETFs. Specifically, the ARK Next Generation Internet ETF (ARKW) purchased 64,806 shares worth around $10.2 million, and the ARK Fintech Innovation ETF (ARKF) bought 19,708 shares worth about $3.1 million. This follows a previous purchase of $13.4M worth of Coinbase shares on Friday. Simultaneously, Ark sold 159,496 shares of the ARK 21Shares Bitcoin ETF (ARKB), worth roughly $12.4 million.
China’s Tariff Response May Lead to Capital Flight to Bitcoin: Hayes
China’s response to America’s trade tariffs could result in capital flight to Bitcoin, according to BitMEX founder Arthur Hayes. Hayes suggested that if the Chinese central bank devalued the yuan, Chinese capital might Flow into Bitcoin, a trend that has been observed historically. Bybit co-founder and CEO Ben Zhou echoed this sentiment, stating that whenever the yuan drops, a lot of Chinese capital flows into BTC, which is bullish for Bitcoin.
Trump Escalates Trade War
President Donald Trump made headlines with a bold new threat: if Beijing does not withdraw its retaliatory levies by April 9, 2025, the U.S. will take further action. The announcement, made via Truth Social, marked a significant escalation in the ongoing U.S.–China trade conflict. Trump claimed China’s 34% increase in tariffs would trigger further action from the U.S. unless reversed immediately. Despite increasing market anxiety, Trump remained firm, dismissing the idea of halting tariff moves to enable trade talks. His tone signaled a return to the aggressive “America First” trade posture seen during his presidency. BTC mentioned at 80k but no direct impact on coin value discussed in the context provided.
