I think the bitcoin and Yuan correlates, my basis is because of demand and supply. We all know that many bitcoin user is from China, that is why I think it can affetþ the value of bitcoin and like what happened in the past.
Besides from demand and supply, I think as the largest miners and owner of the bitcoin, of course between bitcoin and Yuan are correlated. The evidence is so market bitcoin china down, then prices globally are also down. I sure, whatever happens, let's hope it brings positive impact for bitcoin.