在贸易关税的情况下，比特币价格下跌

在美国总统唐纳德·特朗普（Donald Trump）向主要的贸易伙伴征收新的关税之后，比特币的价格下跌了100,000美元。投资者做出了迅速的反应

After US President Donald Trump imposed new tariffs on key trade partners, Bitcoin's price fell below $100,000. Investors reacted quickly to the news, leading to significant volatility in cryptocurrency markets.

在美国总统唐纳德·特朗普（Donald Trump）对主要贸易伙伴征收新的关税之后，比特币的价格下跌了100,000美元。投资者对新闻的反应迅速，导致加密货币市场的波动大幅波动。

On Monday morning in Asia, Bitcoin dropped nearly 7% to a three-week low around $93,543. Meanwhile, Ethereum (ETH) fell by 18% since yesterday, returning to price levels not seen since early November. This sharp decline marked a period of unease in the cryptocurrency sector, which has become increasingly sensitive to broader economic shifts.

周一早上在亚洲，比特币在93,543美元左右下降了近7％，至三周低点。同时，以太坊（ETH）自昨天以来下跌了18％，恢复到自11月初以来未见的价格水平。这种急剧下降标志着加密货币部门的不安时期，这对更广泛的经济转变变得越来越敏感。

Trump’s decision to impose a 25% tariff on imports from Mexico and most Canadian goods, as well as a 10% tariff on Chinese imports, took effect on Tuesday. This development rattled global markets, causing a pullback in risky assets, including cryptocurrencies. Since cryptocurrencies trade 24/7, their prices adjusted quickly in response to the economic uncertainty stemming from the tariffs.

特朗普决定对墨西哥和大多数加拿大商品的进口征收25％的关税，以及对中国进口商品的10％关税，并于周二生效。这一发展使全球市场震撼，导致风险资产的回调，包括加密货币。自加密货币交易24/7以来，其价格迅速调整，以应对关税所带来的经济不确定性。

Cryptocurrencies React to Economic Uncertainty

加密货币对经济不确定性做出反应

The cryptocurrency market's response to Trump’s tariff announcement underscores the sector’s sensitivity to global economic events. According to market analysts, tariffs can have far-reaching implications. They could contribute to inflationary pressures and higher interest rates, deterring investors from risk assets like crypto.

加密货币市场对特朗普关税公告的反应强调了该行业对全球经济事件的敏感性。根据市场分析师的说法，关税可能具有深远的影响。他们可能会导致通货膨胀压力和更高的利率，从而阻止投资者从加密货币等风险资产中。

Chris Weston, head of research at Pepperstone, highlighted how cryptocurrencies have become a “risk proxy” in times of market uncertainty. He explained, “Crypto is really the only way to express risk over the weekend, and on news like this, crypto resorts to a risk proxy.” Weston’s comments underscore the growing role of digital currencies as a barometer for broader market sentiment, particularly during volatile periods.

Pepperstone的研究负责人克里斯·韦斯顿（Chris Weston）强调了加密货币在市场不确定性时期如何成为“风险代理”。他解释说：“加密确实是在周末表达风险的唯一途径，而在这样的新闻上，加密货币求助于风险代理。”韦斯顿的评论强调了数字货币作为更广泛的市场情绪的晴雨表的日益增长的作用，尤其是在动荡的时期。

Bitcoin, Ethereum, Solana Prices Decline

比特币，以太坊，索拉娜价格下跌

Bitcoin’s price, in particular, took a significant hit, dropping to $93,543.49 (A$153,700), a 4.8% decline within the last 24 hours. According to CoinGecko data, BTC was down 4.6% compared to its value seven days prior. The global cryptocurrency market felt the brunt of the tariffs, with key digital currencies following Bitcoin’s lead.

尤其是比特币的价格受到了重大打击，下降到93,543.49美元（153,700美元），在过去24小时内下降了4.8％。根据Coingecko数据，BTC与七天前的价值相比下跌了4.6％。全球加密货币市场首当其冲，关键的数字货币是比特币的领先优势。

Figure 1: Bitcoin Price Volatility in the Recent Time

图1：比特币的价格波动最近

Ethereum (ETH) was priced at A$4,074.33, a sharp decline of 18.6% over the past 24 hours. ETH’s drop was also noticeable on the weekly chart, with the cryptocurrency losing 19.8% compared to the previous week. This downturn mirrors broader market trends, as Ethereum's price and performance tend to closely align with the overall market sentiment.

以太坊（ETH）的价格为4,074.33美元，在过去的24小时内下降了18.6％。在每周图表上，ETH的下降也很明显，与上周相比，加密货币损失了19.8％。由于以太坊的价格和绩效往往与整体市场情绪紧密相符，因此这种低迷反映了更广泛的市场趋势。

Solana (SOL), another major cryptocurrency, followed a similar pattern, trading at A$309.89. The cryptocurrency faced a 10.1% loss in 24 hours and a 17.4% decrease compared to the last week. While the decline in Solana was less steep than Bitcoin’s, it still signalled a broader market correction that impacted most cryptocurrencies.

Solana（Sol）是另一种主要的加密货币，遵循类似的模式，以309.89美元的价格交易。与上周相比，加密货币在24小时内面临10.1％的损失，下降17.4％。尽管Solana的下降不如比特币陡峭，但它仍然表明市场纠正范围更广泛，影响了大多数加密货币。

Also Read: Dogecoin: A Crypto Revolution or Risk to Financial Stability?

另请阅读：Dogecoin：加密革命或财务稳定风险？

Market Impact and Investor Reactions

市场影响和投资者反应

President Trump’s executive order on tariffs targeted goods from Canada, Mexico, and China. The White House cited reasons such as drug trafficking and illegal immigration for these actions. While the intention behind the tariffs is to bring pressure on these countries, the market’s reaction has been one of concern. Many financial analysts believe that the tariffs will exacerbate inflation, leading to higher interest rates. As a result, risk assets such as cryptocurrencies are seeing a retreat in investor interest.

特朗普总统对关税的行政命令将来自加拿大，墨西哥和中国的货物目标。白宫引用了这些行动等原因，例如贩毒和非法移民。尽管关税背后的意图是给这些国家带来压力，但市场的反应一直是关注的之一。许多财务分析师认为，关税会加剧通货膨胀，从而导致更高的利率。结果，加密货币之类的风险资产正在看到投资者利益的撤退。

Some savvy traders capitalized on the market's volatility. A smart Ethereum investor managed to make $16 million from a leveraged short position. This highlights how certain traders are able to exploit the price swings brought on by macroeconomic news.

一些精明的交易者利用了市场的波动。一位聪明的以太坊投资者设法从杠杆的短期内赚了1600万美元。这凸显了某些交易者如何利用宏观经济新闻带来的价格波动。

India Reevaluates Cryptocurrency Policies

印度重新评估了加密货币政策

In response to changing global economic conditions and regulatory pressures, India is rethinking its position on cryptocurrencies. According to Ajay Seth, India’s secretary of economic affairs, the country is reevaluating its stance on digital assets. This shift could signal a larger institutional embrace of cryptocurrencies as the global regulatory landscape evolves.

为了应对不断变化的全球经济状况和监管压力，印度正在重新思考其在加密货币上的地位。根据印度经济事务部长阿杰·塞斯（Ajay Seth）的说法，该国正在重新评估其对数字资产的立场。随着全球监管格局的发展，这种转变可能表明对加密货币的制度拥抱。

This statement comes in the wake of President Trump’s establishment of the Working Group on Digital Asset Markets, which aims to integrate cryptocurrency regulation within broader financial systems. Analysts see this as part of a growing trend towards institutional acceptance of digital currencies. If India aligns its policies with this global trend, it could signal a major step forward for cryptocurrency adoption in Asia.

这一声明是在特朗普总统建立数字资产市场工作组之后的，该公司旨在将加密货币调节整合到更广泛的金融系统中。分析师认为这是逐渐接受数字货币的趋势的一部分。如果印度将其政策与这一全球趋势保持一致，它可能标志着亚洲采用加密货币的重要一步。

Altcoins to Watch Amid Market Volatility

在市场波动中观看的山寨币

Despite the downturn in the market, several altcoins have managed to maintain some strength.

尽管市场上的经济低迷，但几个山寨币还是设法保持了一定的实力。

Elon Musk's Blockchain Plan for the US Treasury

埃隆·马斯克（Elon Musk）的美国财政部区块链计划

Elon Musk continues to push for greater blockchain integration in government systems. Recently, he confirmed plans to put the US Treasury on a blockchain, potentially revolutionising how financial transactions and government budgeting work. Musk’s involvement with

埃隆·马斯克（Elon Musk）继续推动政府系统中的更大区块链整合。最近，他确认计划将美国财政部置于区块链上，并有可能彻底改变了金融交易和政府预算工作的方式。马斯克参与