Bitcoin is moving towards a potential death cross, a technical analysis indicator that may suggest a bearish trend. This development coincides with the depreciation of the Chinese Yuan (CNY) and negative sentiment in Asian markets following recent tariffs imposed by former President Trump. These tariffs have reignited concerns regarding China's economic response, contributing to the volatility in cryptocurrency and traditional financial markets. With Bitcoin's price dynamics affected, traders and investors are watching closely to see if the death cross materializes, which could influence market sentiment further. The intertwining of global economic policies, especially involving significant players like the US and China, continues to impact not just regional markets but also cryptocurrencies, reflecting their growing correlation with traditional finance.

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