當關稅燃料市場焦慮時

隨著對全球貿易戰的擔憂升級，對加密貨幣等風險資產的情緒已經惡化。

Major cryptocurrencies, including XRP, Dogecoin (DOGE), and Cardano (ADA), saw their values plummet by over 25% in the past 24 hours, reversing all of their gains since December. This significant decline is largely attributed to a new wave of tariffs imposed by the U.S. on Canada and Mexico over the weekend, which has stirred concerns about a potential global trade war.

包括XRP，Dogecoin（Doge）和Cardano（Ada）在內的主要加密貨幣在過去24小時內看到其價值暴跌了25％，自12月以來就扭轉了所有收益。這種重大下降在很大程度上歸因於美國對加拿大和墨西哥的新關稅浪潮，這引起了人們對潛在的全球貿易戰的擔憂。

As fears of a global trade war escalate, sentiment for risk assets such as cryptocurrencies has soured. The U.S. President Donald Trump announced the imposition of 25% tariffs on Canadian and Mexican imports, reigniting trade tensions that could have far-reaching consequences for global markets.

隨著對全球貿易戰的擔憂升級，對加密貨幣等風險資產的情緒已經惡化。美國總統唐納德·特朗普（Donald Trump）宣布對加拿大和墨西哥進口徵收25％的關稅，重新激發了可能對全球市場產生深遠影響的貿易緊張局勢。

The immediate fallout was evident in the crypto market, with XRP, Dogecoin, and Cardano all seeing their prices slump by more than 25%, erasing all of their gains from the end of last year. These digital assets reached their pre-U.S. election levels from early November 2024, with most major cryptocurrencies seeing a decline of 40-50% in the past month.

立即發生的後果在加密貨幣市場上很明顯，XRP，Dogecoin和Cardano都看到其價格下跌了25％以上，從去年年底刪除了所有收益。這些數字資產從2024年11月上旬開始達到了US前的選舉水平，大多數主要的加密貨幣在過去一個月中的下降了40-50％。

The broad cryptocurrency market capitalization took a severe hit, falling by 12% in the past 24 hours. This marks the worst fall in over a year, with the CoinDesk 20 (CD20) index losing a staggering 10%. The Bitcoin (BTC) price also fell 6%, while futures markets saw a major liquidation event, leading to the loss of over $2.2 billion.

廣泛的加密貨幣市值受到嚴重打擊，在過去24小時內下降了12％。這標誌著一年多的最糟糕的情況，Coindesk 20（CD20）指數失去了驚人的10％。比特幣（BTC）的價格也下降了6％，而期貨市場發生了重大清算活動，導致損失超過22億美元。

Traders of ether (ETH)-tracked products experienced significant losses, with more than $600 million being wiped out, primarily during the early hours of Asian trading. XRP and DOGE-related bets contributed to a combined loss of $150 million, while altcoin and ether-tracked futures lost a further $138 million and $84 million, respectively. This liquidation event has been described as the sharpest in crypto history, with the largest single liquidation order being recorded at $25 million for an ETH trade on Binance.

Ether（ETH）追踪產品的貿易商造成了巨大的損失，主要在亞洲交易的凌晨，將消除超過6億美元的損失。與XRP和Doge有關的賭注造成了1.5億美元的總損失，而Altcoin和Ether Trakaked Futures又損失了另外1.38億美元和8400萬美元。這項清算事件被描述為加密歷史上最尖銳的事件，最大的單一清算訂單記錄為2500萬美元，用於二進制ETH貿易。

The sharp decline in the crypto market follows the imposition of tariffs and the escalating trade tensions between the U.S., Canada, and Mexico. These events have raised concerns over the potential economic ramifications of a trade war, including higher costs for goods and a slowdown in key industries, such as automotive and agriculture. Financial markets are particularly worried about the interconnectedness of the economies in these nations, which could lead to a broader economic downturn, affecting jobs and increasing costs for consumers.

加密市場的急劇下降是在徵收關稅以及美國，加拿大和墨西哥之間不斷升級的貿易緊張局勢之後。這些事件引起了人們對貿易戰的潛在經濟影響的擔憂，包括貨物成本更高和關鍵行業（例如汽車和農業）的放緩。金融市場特別擔心這些國家經濟的相互聯繫，這可能導致更廣泛的經濟低迷，影響就業機會並增加消費者的成本。

As a result, analysts and traders have noted a risk-off sentiment gripping the market, with a significant liquidation event being triggered by a massive sell-off. The price of ether (ETH) saw an astounding 20% decline, surprising many in the market. According to Augustine Fan, Head of Insights at SignalPlus, ETH’s decline is particularly concerning, as it now resembles an altcoin without the benefit of long-term institutional investments and without immediate catalysts to reverse its decline.

結果，分析師和交易員注意到，在市場上產生了巨大的清算事件，這是由大量售罄觸發的。以太（ETH）的價格驚人地下降了20％，令人驚訝的是市場上的許多人。根據SignalPlus的見解負責人Augustine Fan的說法，ETH的下降尤其令人擔憂，因為它現在類似於山寨幣，而沒有長期機構投資的好處，並且沒有立即催化劑以扭轉其下降。

The market’s volatile nature means that liquidations are a regular feature, but major events such as the one seen on Monday trigger swift movements in trader sentiment and positioning. As the trade war between the U.S., Canada, and Mexico continues to unfold, it is likely that the broader financial markets will remain on edge, adding to the instability in the cryptocurrency market.

市場的動盪性意味著清算是一項常規功能，但是諸如星期一看到的重大事件觸發了交易者情緒和定位方面的迅速運動。隨著美國，加拿大和墨西哥之間的貿易戰繼續展開，更廣泛的金融市場可能會保持優勢，這增加了加密貨幣市場的不穩定。

With concerns over the future of the crypto market heightened by geopolitical tensions and economic risks, investors are bracing for potential further losses in the coming days and weeks. The combination of liquidations, tariff-induced anxiety, and global trade disruptions is setting the stage for a challenging period in the cryptocurrency space.

隨著對加密貨幣市場的未來的擔憂，地緣政治緊張局勢和經濟風險加劇了，投資者正在為未來幾天和幾週內的潛在進一步損失做好準備。清算，關稅引起的焦慮和全球貿易中斷的結合正在為加密貨幣領域的一個具有挑戰性的時期奠定基礎。