三月是市場的艱難月份 - 美國總統唐納德·特朗普的不確定關稅政策在比特幣和加密市場上引起了波動

對於市場來說，三月是一個艱難的月份 - 美國總統唐納德·特朗普（Donald Trump）的不確定關稅政策在比特幣和加密市場中引起了波動。同時，分散的財務（DEFI）在安全問題上掙扎。

March was a month of contrasts in the cryptocurrency market. While the first month of US President Donald Trump’s administration saw a number of reversals on controversial trade policies that seemed to confuse and exasperate even the president’s political allies, major coins continued to trade sideways or in a limited range.

三月是加密貨幣市場上的對比度。儘管美國總統唐納德·特朗普（Donald Trump）政府的第一個月在有爭議的貿易政策上看到了許多逆轉，這些政策似乎也使總統的政治盟友感到困惑和憤怒，但主要硬幣繼續側面貿易或有限範圍。

March began with a threat from Trump to increase tariffs on Mexican and Canadian goods by 25% and 10%, respectively, following an administration report that found both countries were not cooperating enough to stem the flow of migrants through their territory. The tariffs were due to come into effect on March 10.

三月始於特朗普的威脅，要求將墨西哥和加拿大商品的關稅增加25％和10％，此前政府報告發現兩國的合作不足以阻止移民在其領土上的流動。關稅將於3月10日生效。

After a month of delay, tariffs went live on March 4 — 25% on Mexican and Canadian goods, 10$ on Canadian energy and 20% on Chinese goods. Just one day later, Trump’s administration delayed tariffs for auto-makers; on March 6, it announced delays on most Canadian and Mexican goods.

經過一個月的延遲，3月4日關稅持續了墨西哥和加拿大商品的25％，加拿大能源為10美元，中國商品的20％。就在一天后，特朗普的政府推遲了對汽車製造商的關稅。 3月6日，它宣布了加拿大和墨西哥商品的延誤。

The sunny outlook was soured by retaliatory tariffs from China, which hit markets on March 10, and the European Union, which began levying tariffs on March 12. Amid the tête-à-tête between the United States and its largest trade partners, Bitcoin (BTC) managed to recover to $88,000 on March 24 before slumping down again to around $82,000 at the time of writing.

A number of state legislatures are considering Bitcoin- and crypto-related legislation, from bills that would establish a Bitcoin reserve to crypto tax forces and exploring pension fund investment. Such bills moved forward, either in voting or in committee, in 13 US states this month.

許多州立法機關正在考慮與比特幣和加密相關的立法，從建立比特幣儲備的法案到加密稅稅和探索養老基金投資。此類法案本月在美國13個州進行投票或委員會的前進。

The cool-down in memecoin markets has major revenue implications for Solana (SOL). After reaching eye-watering highs of $34 billion in January, Solana volumes on decentralized exchanges fell drastically. In March, volumes rarely exceeded $1 billion. 

Memecoin市場中的涼爽對Solana（SOL）具有重大收入影響。一月份達到340億美元的令人震驚的高點後，索拉納（Solana）進行了分散的交流量急劇下降。 3月，數量很少超過10億美元。

Here’s March in numbers.

這是數字的遊行。

Trump’s trade war sees Bitcoin down 5% on the month

特朗普的貿易戰使比特幣在當月下降了5％

The first month of Trump’s administration saw a number of reversals on controversial trade policies that seemed to confuse and exasperate even the president’s political allies.

特朗普政府的第一個月，有許多有爭議的貿易政策的逆轉，似乎甚至使總統的政治盟友感到困惑和憤怒。

After a month of delay, tariffs went live on March 4 — 25% on Mexican and Canadian goods, 10$ on Canadian energy and 20% on Chinese goods. Just one day later, Trump’s administration delayed tariffs for auto-makers; on March 6, it announced delays on most Canadian and Mexican goods.

經過一個月的延遲，3月4日關稅持續了墨西哥和加拿大商品的25％，加拿大能源為10美元，中國商品的20％。就在一天后，特朗普的政府推遲了對汽車製造商的關稅。 3月6日，它宣布了加拿大和墨西哥商品的延誤。

Heating up the situation further, China began levying retaliatory tariffs on March 10, while the European Union started imposing tariffs on March 12. A final bill from the US Treasury, part of the presidential administration, announced the possibility of negotiable tariff rates per country.

進一步加熱了情況，中國於3月10日開始徵收報復性關稅，而歐盟於3月12日開始徵收關稅。總統管理局的一項最終法案宣布，每個國家 /地區宣布了可談判的關稅率。

The sunny outlook was soured by the fact that the heating up of the trade war also saw major stock indexes in the US begin to slump as the estimated effects of tariffs changed by the week.

貿易戰的加熱也使美國的主要庫存指數開始衰退，因為隨著估計關稅的估計效果發生變化，晴天的前景也使人脫穎而出。

The changing economic landscape also hit Bitcoin price, which, after a rocky start to the month, managed to recover to $85,000 on March 24, putting it briefly above where it started the month.

不斷變化的經濟格局也達到了比特幣價格，在本月的艱難開始之後，它於3月24日設法恢復至85,000美元，將其短暫地超過了本月的開始。

The trade war also affected the Trump family’s own crypto investments via World Liberty Financial (WLFI). The fund saw a mixed bag in March, with many of the altcoins in its portfolio, like Mint (MNT) and Tron (TRX), trading at or below where they started the month.

貿易戰還通過世界自由金融（WLFI）影響了特朗普家族自己的加密投資。該基金在三月份看到了一個混合的包，其投資組合中有許多山寨幣，例如Mint（MNT）和Tron（TRX），在他們本月開始的地方或以下交易。

The Trump administration’s actions also impacted the price of BNB, which dropped sharply following the news that the administration was planning to impose tariffs on 20% of all Chinese goods in retaliation for the country’s trade practices.

特朗普政府的行動還影響了BNB的價格，該國政府計劃計劃對所有中國商品的20％徵收關稅，以報復該國的貿易慣例。

Crypto and traditional financial have been on a downward trend at the end of March as traders brace for “Liberation Day” on April 2, when Trump has promised to levy dollar-for-dollar tariffs on all countries that have tariffs on US goods.

加密貨幣和傳統金融在3月底一直處於下降趨勢，交易員在4月2日的“解放日”付出了“解放日”，當時特朗普已承諾向所有對美國商品關稅的國家徵收美元的美元關稅。

The move will see tariffs of 25% on all goods, including food, imposed on the European Union, Canada, Mexico, China and Vietnam.

此舉將看到所有商品的25％的關稅，包括對歐盟，加拿大，墨西哥，中國和越南征收的食品。

According to calculations by economists at Deutsche Bank, the tariffs could reduce global gross domestic product by 0.1%. Economists, on average, predict that the tariffs will have a minimal impact on the US economy.

根據德意志銀行的經濟學家的計算，關稅可以將全球國內生產總值減少0.1％。平均而言，經濟學家預測關稅將對美國經濟產生最小的影響。

The sunny outlook was soured by the fact that the heating up of the trade war also saw major stock indexes in the US begin to slump as the estimated effects of tariffs changed by the week.

貿易戰的加熱也使美國的主要庫存指數開始衰退，因為隨著估計關稅的估計效果發生變化，晴天的前景也使人脫穎而出。

The changing economic landscape also hit Bitcoin price, which, after a rocky start to the month, managed to recover to $85,000 on March 24, putting it briefly above where it started the month.

不斷變化的經濟格局也達到了比特幣價格，在本月的艱難開始之後，它於3月24日設法恢復至85,000美元，將其短暫地超過了本月的開始。

The trade war also affected the Trump family’s own crypto investments via World Liberty Financial (WLFI). The fund

貿易戰還通過世界自由金融（WLFI）影響了特朗普家族自己的加密投資。基金