特朗普的“解放日”貿易政策抨擊比特幣（BTC）和加密貨幣市場的製動器

此舉旨在促進美國製造業並減少對外國商品的依賴，引起了人們對通貨膨脹，經濟增長的關注，尤其是其對加密貨幣市場的影響。

President Donald Trump’s highly anticipated trade policy, "Liberation Day," has officially been unveiled, imposing a series of new tariffs on key U.S. trading partners. The move, which aims to boost American manufacturing and reduce reliance on foreign goods, has sparked concerns about inflation, economic growth, and, notably, its impact on the cryptocurrency market.

唐納德·特朗普（Donald Trump）總統備受期待的貿易政策“解放日”（Liberation Day）已正式揭幕，對美國主要貿易夥伴徵收了一系列新的關稅。此舉旨在促進美國製造業並減少對外國商品的依賴，引起了人們對通貨膨脹，經濟增長的關注，尤其是其對加密貨幣市場的影響。

With Bitcoin (BTC) and other digital assets reacting sharply to the news, investors are now trying to assess whether this is a temporary setback or a sign of deeper market instability.

隨著比特幣（BTC）和其他數字資產對新聞的反應迅速，投資者現在試圖評估這是暫時的挫折還是更深層市場不穩定的跡象。

New Tariffs Announced

新關稅宣布

Trump’s policy, announced on Monday, includes a 25% tariff on imported goods from Canada and Mexico. These tariffs will also affect products from China, although at a lower rate of 10%. The administration claims that these measures will protect American jobs and manufacturing by discouraging reliance on foreign goods.

週一宣布，特朗普的政策包括對加拿大和墨西哥進口商品的25％關稅。這些關稅也會影響中國的產品，儘管速度較低10％。政府聲稱，這些措施將通過阻止對外國商品的依賴來保護美國的工作和製造業。

However, many economists warn that these tariffs could lead to higher consumer prices and increased production costs, ultimately putting pressure on inflation.

但是，許多經濟學家警告說，這些關稅可能會導致更高的消費價格並提高生產成本，最終給通貨膨脹造成壓力。

Historically, aggressive trade policies have led to economic uncertainties, affecting both traditional markets and alternative assets like cryptocurrencies.

從歷史上看，積極進取的貿易政策導致了經濟不確定性，影響了傳統市場和加密貨幣等替代資產。

Investors fear that if inflation rises and businesses pass the increased costs onto consumers, it could affect the Federal Reserve’s monetary policy decisions. If inflation surges, the Fed might be forced to raise interest rates again, which could have implications for high-risk assets such as Bitcoin and altcoins.

投資者擔心，如果通貨膨脹率上升，而企業將增加的成本轉移到消費者身上，它可能會影響美聯儲的貨幣政策決策。如果通貨膨脹激增，美聯儲可能會被迫再次提高利率，這可能會對諸如比特幣和替代幣等高風險資產產生影響。

Crypto Market Reacts Quickly

加密市場反應迅速

The cryptocurrency market responded swiftly to Trump’s tariff announcement, with major digital assets experiencing sharp declines.

加密貨幣市場對特朗普的關稅宣布做出了迅速反應，主要的數字資產急劇下降。

Bitcoin saw a significant drop, falling below the $100,000 mark and hitting lows of $92,000 within hours. Ethereum (ETH) also plummeted, losing 24% of its value and dropping to around $2,300.

比特幣的下降大幅下降，低於100,000美元，在幾個小時內達到92,000美元的低點。以太坊（ETH）也下降了，損失了其價值的24％，下降到2300美元左右。

This sudden volatility led to over $2 billion in liquidations in the crypto derivatives market, as over-leveraged traders were wiped out by the turbulence.

這種突然的波動率導致了加密衍生品市場的超過20億美元的清算，因為過度槓桿的交易者因動盪而消滅了。

The sell-off highlights crypto’s sensitivity to macroeconomic shifts. While many investors view digital assets as a hedge against inflation and economic uncertainty, in the short term, sudden policy changes can lead to panic selling.

拋售突出了加密對宏觀經濟轉變的敏感性。儘管許多投資者將數字資產視為抵制通貨膨脹和經濟不確定性的對沖，但在短期內，突然的政策變化可能導致恐慌銷售。

The question now is whether Bitcoin and other cryptocurrencies can recover quickly or if continued economic instability will suppress a rebound.

現在的問題是比特幣和其他加密貨幣是否可以迅速恢復，或者持續的經濟不穩定會抑制反彈。

Tariffs Could Ultimately Benefit Bitcoin

關稅最終可能使比特幣受益

While the immediate market reaction has been negative, some analysts suggest that these tariffs could ultimately benefit Bitcoin and other cryptocurrencies in the long run.

儘管直接的市場反應是負面的，但一些分析師認為，從長遠來看，這些關稅最終可能會使比特幣和其他加密貨幣受益。

If trade tensions weaken the U.S. dollar, it could drive more investors toward decentralized assets like Bitcoin as an alternative store of value.

如果貿易緊張局勢削弱了美元，它可能會驅使更多的投資者進入分散資產（如比特幣），作為價值的替代存儲。

“If the dollar slides further, we might see more opportunistic traders deploying capital into less correlated assets, and that's where Bitcoin comes into play as a hedge against fiat currency depreciation and inflation in the short term,” said Jeff Park, head of alpha strategies at Bitwise Asset Management.

“如果美元進一步滑動，我們可能會看到更多的機會主義交易者將資本部署到較少相關的資產中，這就是比特幣在短期內作為反對法定貨幣折舊和通貨膨脹的對沖，” Bitwise Asset Management Alpha Strategies的負責人Jeff Park說。

He further added that economic instability strengthens Bitcoin’s narrative as “digital gold.”

他進一步補充說，經濟不穩定增強了比特幣的敘述為“數字黃金”。

“The ongoing trade tensions are pushing up consumer prices, which could spill over into the crypto market as traders factor in the Federal Reserve's potential response to inflation with interest rate hikes,” Park explained.

帕克解釋說：“持續的貿易緊張局勢正在提高消費價格，這可能會溢出到加密貨幣市場中，因為貿易商的因素是美聯儲隨著利率上漲而對通貨膨脹的潛在反應。”

This analysis suggests that as the dollar weakens and inflation worries mount, investors may seek to hedge their wealth in BTC, potentially fueling a new wave of adoption and price appreciation.

該分析表明，隨著美元削弱和通貨膨脹令人擔憂，投資者可能會試圖對沖他們在BTC中的財富，從而推動新的採用和價格升值浪潮。

What’s Next For Crypto Investors?

加密投資者的下一步是什麼？

For investors, the current downturn presents both risks and opportunities.

對於投資者而言，當前的低迷既有風險和機遇。

While short-term volatility is likely, those with a long-term perspective may see this as a chance to accumulate assets at a discount. However, continued uncertainty in global trade policies means market fluctuations may persist.

儘管短期波動率可能是長期觀點的那些人可能認為這是以折扣資產積累資產的機會。但是，全球貿易政策的持續不確定性意味著市場波動可能會持續存在。

As the situation develops, all eyes will be on how traditional markets and policymakers respond to the effects of Trump’s tariffs. Whether this marks a temporary dip or the start of a prolonged correction remains to be seen.

隨著局勢的發展，所有人的目光都將關注傳統市場和政策制定者如何應對特朗普關稅的影響。這是否標誌著暫時的傾斜或長時間校正的開始尚待觀察。