The recent upward breakout of the Chinese Yuan is worth paying attention to—it typically signals a strengthening business cycle. Markets have a way of rhyming with history, and if we look back, the April lows for ETH/BTC coincided remarkably well with the Yuan hitting its bottom. This kind of cross-asset correlation isn't coincidental. As the Yuan continues its breakout trajectory, it's worth monitoring how this macro shift filters through to crypto markets. When major reserve currencies find momentum, risk appetite often follows, and that tends to lift altcoin performance relative to Bitcoin. Traders keeping tabs on FX dynamics alongside on-chain metrics might catch the next meaningful swing.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
7
Repost
Share
Comment
0/400
SatoshiHeir
· 1h ago
It should be pointed out that the RMB breakthrough has long been played out by those Wall Street folks. On-chain data shows that the April ETH/BTC lows and the price trend correlation... In other words, it's just looking at the scenery in the rearview mirror.
View OriginalReply0
SilentAlpha
· 12-24 18:52
The RMB has broken through the level. Now we really need to keep a close eye on on-chain data.
View OriginalReply0
WhaleWatcher
· 12-24 18:51
The RMB breaking through and rising definitely needs to be watched; history always rhymes.
View OriginalReply0
SelfStaking
· 12-24 18:51
The RMB breaking its level is just a signal, huh.
View OriginalReply0
GasFeeBarbecue
· 12-24 18:50
The RMB is rising, so we really need to keep a close eye on it. Whether this wave can trigger a rebound in altcoins depends on that.
View OriginalReply0
GasOptimizer
· 12-24 18:49
The signal of RMB breaking upward definitely needs to be observed. The resonance between the April low wave ETH/BTC and the bottom of the coins, data doesn't lie... The logic that risk appetite chain transmission to altcoins is valid, which means FX and on-chain indicators should be integrated into the model for calculation.
View OriginalReply0
HashRatePhilosopher
· 12-24 18:26
The RMB is rising; now it's time to be optimistic about the altcoins.
The recent upward breakout of the Chinese Yuan is worth paying attention to—it typically signals a strengthening business cycle. Markets have a way of rhyming with history, and if we look back, the April lows for ETH/BTC coincided remarkably well with the Yuan hitting its bottom. This kind of cross-asset correlation isn't coincidental. As the Yuan continues its breakout trajectory, it's worth monitoring how this macro shift filters through to crypto markets. When major reserve currencies find momentum, risk appetite often follows, and that tends to lift altcoin performance relative to Bitcoin. Traders keeping tabs on FX dynamics alongside on-chain metrics might catch the next meaningful swing.