全球贸易战的关注将施加加密货币和传统市场的压力

自美国总统唐纳德·特朗普（Donald Trump）首次宣布对中国商品的进口关税以来，比特币（BTC）的价格下跌了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，全球贸易战争的关注将向加密货币和传统市场施加压力，但潜在的解决方案可能会带来下一个大型市场催化剂。

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.

自从美国总统唐纳德·特朗普（Donald Trump）首次宣布对中国商品的进口关税以来，比特币（BTC）的价格下跌了17％以上，这是他总统就职典礼的第一天。

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的研究分析师Nicolai Sondergaard表示，尽管有许多积极的加密特定发展，但全球关税的担忧将继续向市场施加压力，直到至少4月2日。

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

BTC/USD，1天图表。资料来源：Cointelegraph/TradingView

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

分析师在3月21日的Cointelegraph的ChainreAction Daily X节目中说：

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.

分析师补充说，直到解决与关税有关的担忧解决可能发生在4月2日至7月之间，这可能会出现积极的市场催化剂之前，风险资产可能会缺乏方向。

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.

尽管财政部长斯科特·贝斯特（Scott Bessent）的较早评论表明他们的激活可能会延迟，但特朗普总统的互惠关税率定于4月2日生效。

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

相关：Ether风险纠正至1.8K $ 1.8K，随着ETF的流出，关税担忧继续

Fed’s interest rates are also contributing to market slump

美联储的利率也有助于市场低迷

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

Sondergaard解释说，高利率还将继续向投资者施加压力，直到美联储最终开始降低利率为止。

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

喂养目标利率概率。资料来源：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.

根据CME Group的FedWatch工具的最新估计，在5月7日的下一个联邦公开市场委员会（FOMC）会议上，在下一个联邦公开市场委员会（FOMC）会议期间，美联储将保持利率稳定，市场的定价为85％。

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

相关：加密货币撤销直到2026年1月才结束：凯特琳·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分析师Iliya Kalchev表示，美联储表明，通货膨胀和与关税有关的关注是短暂的，尤其是关税，这可能是投资者的积极信号。

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

这位分析师告诉Cointelegraph：“市场现在可能会预期即将到来的经济数据，并补充说：

“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.

分析师补充说：“请密切关注关键报告，包括消费者信心，第四季度GDP，失业索赔和下周的关键PCE通货膨胀释放，以衡量未来降低税率的可能性。”

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.

杂志：SEC对加密货币的掉头留下了关键问题：全球贸易战争的关注将继续向加密货币和传统市场施加压力，直到至少在4月初，但潜在的解决方案可能会带来下一个大型市场催化剂。

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%.

在美国总统唐纳德·特朗普（Donald Trump）宣布对中国商品的进口关税，即总统就职典礼后的第一天，比特币（BTC）的价格下跌了17％以上。

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

尽管有许多积极的加密特定开发项目，例如美国证券交易委员会的I