隨著美國宣布新的關稅，比特幣在六天內首次下跌100,000美元

2月1日，他們簽署了一項行政命令，增加了全球交易的緊張局勢，並使加密貨幣社區感到驚訝。

Bitcoin dropped below the $100,000 mark for the first time in six days on Monday following an announcement by U.S. President Donald Trump of new tariffs for Chinese, Canadian, and Mexican imports, sparking a heated discussion on the future impact on crypto markets.

在美國總統唐納德·特朗普（Donald Trump）宣布對中國，加拿大和墨西哥進口的新關稅之後，比特幣在周一六天內首次跌至100,000美元以下，引發了人們對未來對加密貨幣市場的影響的激烈討論。

On Feb. 1, Trump administration officials announced an executive order that raised worldwide trading tension and came as a surprise to the cryptocurrency community.

2月1日，特朗普政府官員宣布了一項行政命令，該命令提高了全球貿易緊張局勢，並令加密貨幣社區感到驚訝。

According to the White House, Trump’s tariffs include a 25% tariff on Canadian and Mexican imports and a 10% tariff on Chinese imports. Canadian energy imports will face a lower 10% tariff. The administration framed the move as a desire to make these countries pay for “ending illegal immigration” and curbing the flow of illicit drugs, including fentanyl.

根據白宮的說法，特朗普的關稅包括對加拿大和墨西哥進口的25％關稅，中國進口稅率為10％。加拿大能源進口將面臨10％的關稅。政府將這一舉動構成了使這些國家的願望為“結束非法移民”和遏制包括芬太尼在內的非法毒品流動的願望。

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The reaction from countries under the impact was swift. Canadian Prime Minister Justin Trudeau announced retaliatory tariffs of 25% on $106.5 worth of U.S. goods. China’s Ministry of Commerce, in turn, said it will file a case with the World Trade Organization (WTO) and threatened “corresponding countermeasures.” Mexican President Claudia Sheinbaum said her government will apply a “plan B” with tariff and non-tariff tools to defend Mexico’s interests.

在影響下的國家的反應迅速。加拿大總理賈斯汀·特魯多（Justin Trudeau）宣布對價值106.5美元的美國商品的報復性關稅為25％。反過來，中國商務部將向世界貿易組織（WTO）提起訴訟，並威脅“相應的對策”。墨西哥總統克勞迪婭·辛巴姆（Claudia Sheinbaum）表示，她的政府將使用關稅和非關稅工具應用“計劃B”來捍衛墨西哥的利益。

The immediate financial impact is clear: tariffs have a potential to fuel inflation, which then prompts central banks to raise interest rates. That tends to drive investors out of risk assets like cryptocurrencies and into safer ones like bonds and term deposits.

直接的財務影響很明顯：關稅有可能加油通貨膨脹，然後促使中央銀行提高利率。這往往會使投資者脫離加密貨幣等風險資產，並進入債券和定期存款等更安全的貨幣。

Bitcoin’s drop to $99,111 on CoinMarketCap is a mental blow to the market, having savored its position over the six-figure level since the closing days in January. CoinGlass data shows $22.7 million in long positions getting liquidated four hours following the report, attributing the volatility at work

比特幣在CoinMarketCap上跌至99,111美元，這是對市場的心理打擊，自1月份結束以來，它在六位數的水平上品嚐了其位置。 COINGLASS數據顯示，報告後四個小時清算了2270萬美元，歸因於工作中的波動性

The crypto community is split on the long-term consequences of the tariffs, with some downplaying the impact and others arguing that the market turbulence is a symptom of a deeper malaise.

加密貨幣社區對關稅的長期後果有所分歧，有些人淡化了影響，而另一些則認為市場動盪是更嚴重的不適的症狀。

Dan Gambardello, a founder at Crypto Capital Venture, played down concerns the tariffs will put an end to the bull run.

Crypto Capital Venture的創始人丹·甘巴德洛（Dan Gambardello）提出了關注，關稅將終止公牛奔跑。

“I cannot believe that a general perception out there is that Trump tariffs and Trump memecoins killed bull run,” Gambardello said. Institutional Bitcoin and Ethereum buying, in his view, is an expression of faith in the base of the market. “BlackRock continues buying ETH and BTC and retail frantically panicking because crypto is in a stage of consolidating.”

Gambardello說：“我不敢相信，普遍的看法是，特朗普關稅和特朗普的成年人殺死了公牛奔跑。”在他看來，機構比特幣和以太坊購買是對市場基礎的信念。 “貝萊德繼續購買ETH和BTC，零售業瘋狂地恐慌，因為加密貨幣處於合併階段。”

I cannot believe there’s a popular opinion floating around that Trump tariffs and his memecoins ended the bull cycle

我不敢相信周圍有一個流行的看法，特朗普的關稅和他的成員結束了公牛週期

Blackrock is continuing to accumulate ETH and BTC while retail frantically panics because crypto is currently consolidating

貝萊德（Blackrock）在零售業瘋狂地恐慌時繼續積累ETH和BTC，因為加密目前正在合併

Others, however, are less sanguine. Adam Cochran, a principal at Cinneamhain Ventures, argued that Bitcoin’s performance is too closely linked with macroeconomics to go entirely unscathed.

但是，其他人則不太樂觀。 Cinneamhain Ventures的校長亞當·科克倫（Adam Cochran）認為，比特幣的表現與宏觀經濟學太密切，無法完全毫髮無損。

“Bitcoin isn’t decoupled enough with the global markets and acts in a similar manner triple-levered technology today,” Cochran said. “An economic squeeze of such magnitude simply involves agony everywhere, and we have to be okay with decrying that.”

Cochran說：“比特幣與全球市場的脫鉤不夠，並以類似的方式採用三重槓桿技術。” “如此巨大的經濟壓力僅涉及到處的痛苦，我們必須譴責這一點。”

Tariff Wars and Bitcoin’s Future Impact

關稅戰爭和比特幣的未來影響

Bitwise Invest’s head of alpha strategies, Jeff Park, sounded even more positive on the matter.

Bitwise Invest的Alpha策略負責人Jeff Park對此事聽起來更加積極。

“How amazing a tariff war prolonged will be for Bitcoin in the long run,” Park noted, predicting that the ongoing uncertainty in the world economy will make Bitcoin even more attractive as a hedge for traditional markets.

帕克指出：“從長遠來看，長期對比特幣的關稅戰爭將是多麼令人驚奇，”他預測，世界經濟中持續的不確定性將使比特幣更具吸引力，因為這是對傳統市場的對沖。

You simply have not yet grasped how amazing a sustained tariff war is going to be for Bitcoin in the long run

從長遠來看

The current market reaction highlights Bitcoin’s dual function as both a speculative investment and a hedge against traditional market volatility. While institutional demand for the leading cryptocurrency remains strong, retail investors are showing signs of skittishness in response to the macroeconomic uncertainty.

當前的市場反應強調了比特幣的雙重功能既是投機性投資，又是針對傳統市場波動的對沖。儘管對領先的加密貨幣的機構需求仍然很強勁，但散戶投資者在響應宏觀經濟不確定性時表現出巨大的跡象。

As the tariff standoff continues, the cryptocurrency market will likely become a battleground between two camps—one that bets on its long-term resilience and another that sees it as being at the mercy of global economic trends. For now, everyone is holding their breath as Bitcoin navigates this high-stakes financial scenario.

隨著關稅對峙的繼續，加密貨幣市場可能會成為兩個營地之間的戰場，一個陣營押注了它的長期韌性，而另一種則將其視為全球經濟趨勢的擺佈。就目前而言，當比特幣在這種高風險的財務情況下，每個人都屏住呼吸。

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