全球貿易戰的關注將施加加密貨幣和傳統市場的壓力

自美國總統唐納德·特朗普（Donald Trump）首次宣布對中國商品的進口關稅以來，比特幣（BTC）的價格下跌了17％

Global trade war concerns will pressure both cryptocurrency and traditional markets until at least the beginning of April, but the potential resolution may bring the next big market catalyst.

至少在4月初，全球貿易戰爭的關注將向加密貨幣和傳統市場施加壓力，但潛在的解決方案可能會帶來下一個大型市場催化劑。

Bitcoin’s (BTC) price fell over 17% since US President Donald Trump first announced import tariffs on Chinese goods on Jan. 20, the first day after his presidential inauguration.

自從美國總統唐納德·特朗普（Donald Trump）首次宣布對中國商品的進口關稅以來，比特幣（BTC）的價格下跌了17％以上，這是他總統就職典禮的第一天。

Despite a multitude of positive crypto-specific developments, global tariff fears will continue to pressure the markets until at least April 2, according to Nicolai Sondergaard, a research analyst at Nansen.

Nansen的研究分析師Nicolai Sondergaard表示，儘管有許多積極的加密特定發展，但全球關稅的擔憂將繼續向市場施加壓力，直到至少4月2日。

BTC/USD, 1-day chart. Source: Cointelegraph/TradingView

BTC/USD，1天圖表。資料來源：Cointelegraph/TradingView

The analyst said during Cointelegraph’s Chainreaction daily X show on March 21:

分析師在3月21日的Cointelegraph的ChainreAction Daily X節目中說：

Risk assets may lack direction until the tariff-related concerns are resolved, which may happen between April 2 and July, presenting a positive market catalyst, added the analyst.

分析師補充說，直到解決與關稅有關的擔憂解決可能發生在4月2日至7月之間，這可能會出現積極的市場催化劑之前，風險資產可能會缺乏方向。

President Trump’s reciprocal tariff rates are set to take effect on April 2, despite earlier comments from Treasury Secretary Scott Bessent that indicated a possible delay in their activation.

儘管財政部長斯科特·貝斯特（Scott Bessent）的較早評論表明他們的激活可能會延遲，但特朗普總統的互惠關稅率定於4月2日生效。

Related: Ether risks correction to $1.8K as ETF outflows, tariff fears continue

相關：Ether風險糾正至1.8K $ 1.8K，隨著ETF的流出，關稅擔憂繼續

Fed’s interest rates are also contributing to market slump

美聯儲的利率也有助於市場低迷

High interest rates will also continue pressuring risk appetite among investors until the Federal Reserve eventually starts cutting rates, explained Sondergaard, adding:

Sondergaard解釋說，高利率還將繼續向投資者施加壓力，直到美聯儲最終開始降低利率為止。

Fed target interest rate probabilities. Source: CME Group’s FedWatch tool

餵養目標利率概率。資料來源：CME Group的FedWatch工具

Markets are currently pricing in an 85% chance that the Fed will keep interest rates steady during the next Federal Open Market Committee (FOMC) meeting on May 7, according to the latest estimates of the CME Group’s FedWatch tool.

根據CME Group的FedWatch工具的最新估計，在5月7日的下一個聯邦公開市場委員會（FOMC）會議上，在下一個聯邦公開市場委員會（FOMC）會議期間，美聯儲將保持利率穩定，市場的定價為85％。

Related: Crypto debanking is not over until Jan 2026: Caitlin Long

相關：加密貨幣撤銷直到2026年1月才結束：凱特琳·朗（Caitlin Long）

Still, the Federal Reserve indicates that inflation and recession-related concerns are transitory, particularly regarding tariffs, which may be a positive sign for investors, according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform.

NEXO Digital Asset Investment Platform的Dispatch分析師Iliya Kalchev表示，美聯儲表明，通貨膨脹和與關稅有關的關注是短暫的，尤其是關稅，這可能是投資者的積極信號。

“Markets may now expect upcoming economic data with greater confidence,” the analyst told Cointelegraph, adding:

這位分析師告訴Cointelegraph：“市場現在可能會預期即將到來的經濟數據，並補充說：

“Keep an eye on key reports, including Consumer Confidence, Q4 GDP, jobless claims, and next week’s crucial PCE inflation release, to gauge the likelihood of future rate cuts,” the analyst added.

分析師補充說：“請密切關注關鍵報告，包括消費者信心，第四季度GDP，失業索賠和下週的關鍵PCE通貨膨脹釋放，以衡量未來降低稅率的可能性。”

Magazine: SEC’s U-turn on crypto leaves key questions unansweredoutput: Global trade war concerns will continue to pressure both cryptocurrency and traditional markets until at least the beginning of April, but the potential resolution may bring the next big market catalyst.

雜誌：SEC對加密貨幣的掉頭留下了關鍵問題：全球貿易戰爭的關注將繼續向加密貨幣和傳統市場施加壓力，直到至少在4月初，但潛在的解決方案可能會帶來下一個大型市場催化劑。

After US President Donald Trump announced import tariffs on Chinese goods on Jan. 20, the first day after his presidential inauguration, Bitcoin’s (BTC) price fell over 17%.

在美國總統唐納德·特朗普（Donald Trump）宣布對中國商品的進口關稅，即總統就職典禮後的第一天，比特幣（BTC）的價格下跌了17％以上。

Despite a multitude of positive crypto-specific developments, such as the U.S. Securities and Exchange Commission’s i

儘管有許多積極的加密特定開發項目，例如美國證券交易委員會的I