Binance Research強調了加密市場對關稅升級的反應

2025年初，美國通過對來自眾多國家的進口徵收大量關稅，開始了全球貿易動力的重大轉變。

Early 2025 saw the United States ramp up protectionist policies with broad tariffs on goods entering the country, an action that could have implications for the cryptocurrency market.

2025年初，美國提高了貿易保護主義政策，對進入該國的貨物的關稅廣泛關稅，這一行動可能會對加密貨幣市場產生影響。

The Trump administration implemented a 10% tariff on all goods entering the United States starting April 5, in a move to restore U.S. trade fairness and sovereignty.

特朗普政府從4月5日開始對進入美國的所有商品徵收10％的關稅，以恢復美國的貿易公平和主權。

Canada and Mexico were already subjected to 20% duties earlier in the year. These measures brought the average U.S. import tax to around 18.8%, a significant increase from the 2.5% average in 2024. In response, affected countries set their own tariffs on U.S. goods, escalating global trade tensions further.

加拿大和墨西哥今年早些時候已經履行20％的職責。這些措施使美國進口稅的平均稅率達到18.8％，比2024年的平均2.5％顯著增長。響應，受影響的國家對美國商品的關稅設定了關稅，從而進一步升級了全球貿易緊張局勢。

Investors are also keeping an eye on the U.S. bond market, where a portion of the yield curve showed a troubling dislocation. The spread between 10-year and 2-year Treasury yields—and between 30-year and 2-year bonds—widened on April 9 to levels last seen in 2022, indicating deep market unease.

投資者還密切關注美國債券市場，其中一部分收益曲線顯示出令人不安的脫位。 4月9日的差價在10年和2年期債券之間，以及30年期和2年期債券之間的差異，達到了2022年最後一次出現的水平，表明市場不安。

Just a day prior, the Treasury’s $58 billion 3-year note auction saw weak demand. However, strong interest at the $39 billion 10-year bond auction on Monday offered some relief. The market is now bracing for the $22 billion 30-year auction, with macro uncertainty still looming.

就在一天前，財政部的580億美元的3年票據拍賣的需求較弱。但是，週一進行了390億美元的10年債券拍賣的濃厚興趣給您帶來了一些緩解。現在，市場正在付出220億美元的30年拍賣，宏觀不確定性仍然迫在眉睫。

The cryptocurrency market has experienced significant volatility in response to these trade policies.

加密貨幣市場在響應這些貿易政策方面經歷了顯著波動。

Following the tariff announcements, the total crypto market capitalization declined by an estimated 25.9% from January highs, equating to a loss of approximately $1 trillion. This downturn reflects the market’s sensitivity to macroeconomic instability.

關稅公告後，加密貨幣市值的總計估計下降了25.9％，比一月份的高點相當於損失約1萬億美元。這種低迷反映了市場對宏觀經濟不穩定的敏感性。

Bitcoin, often regarded as a digital safe-haven asset, demonstrated relative resilience amid the turmoil. Despite a 19.1% drop since January’s peak, Bitcoin outperformed many altcoins and traditional equities.

比特幣通常被視為數字避風港資產，在動盪中表現出相對的彈性。儘管自一月份的高峰以來下降了19.1％，但比特幣的表現優於許多Altcoins和傳統股票。

Notably, long-term holders continued to accumulate Bitcoin, indicating confidence in its long-term value. This behavior suggests that Bitcoin may be reaffirming its role as a hedge against economic uncertainty.

值得注意的是，長期持有人繼續積累比特幣，表明其長期價值的信心。這種行為表明比特幣可能會重申其作為對沖經濟不確定性的作用。

Key Factors That Could Affect Crypto Market Trends In Coming Months:

可能影響未來幾個月加密市場趨勢的關鍵因素：