特朗普的“解放日”贸易政策抨击比特币（BTC）和加密货币市场的制动器

此举旨在促进美国制造业并减少对外国商品的依赖，引起了人们对通货膨胀，经济增长的关注，尤其是其对加密货币市场的影响。

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.

唐纳德·特朗普（Donald Trump）总统备受期待的贸易政策“解放日”（Liberation Day）已正式揭幕，对美国主要贸易伙伴征收了一系列新的关税。此举旨在促进美国制造业并减少对外国商品的依赖，引起了人们对通货膨胀，经济增长的关注，尤其是其对加密货币市场的影响。

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.

随着比特币（BTC）和其他数字资产对新闻的反应迅速，投资者现在试图评估这是暂时的挫折还是更深层市场不稳定的迹象。

New Tariffs Announced

新关税宣布

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.

周一宣布，特朗普的政策包括对加拿大和墨西哥进口商品的25％关税。这些关税也会影响中国的产品，尽管速度较低10％。政府声称，这些措施将通过阻止对外国商品的依赖来保护美国的工作和制造业。

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

但是，许多经济学家警告说，这些关税可能会导致更高的消费价格并提高生产成本，最终给通货膨胀造成压力。

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

从历史上看，积极进取的贸易政策导致了经济不确定性，影响了传统市场和加密货币等替代资产。

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.

投资者担心，如果通货膨胀率上升，而企业将增加的成本转移到消费者身上，可能会影响美联储的货币政策决策。如果通货膨胀激增，美联储可能会被迫再次提高利率，这可能会对诸如比特币和替代币等高风险资产产生影响。

Crypto Market Reacts Quickly

加密市场反应迅速

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

加密货币市场对特朗普的关税宣布做出了迅速反应，主要的数字资产急剧下降。

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.

比特币的下降大幅下降，低于100,000美元，在几个小时内达到92,000美元的低点。以太坊（ETH）也下降了，损失了其价值的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.

这种突然的波动率导致了加密衍生品市场的超过20亿美元的清算，因为过度杠杆的交易者因动荡而消灭了。

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.

抛售突出了加密对宏观经济转变的敏感性。尽管许多投资者将数字资产视为抵制通货膨胀和经济不确定性的对冲，但在短期内，突然的政策变化可能导致恐慌销售。

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

现在的问题是比特币和其他加密货币是否可以迅速恢复，或者持续的经济不稳定会抑制反弹。

Tariffs Could Ultimately Benefit Bitcoin

关税最终可能使比特币受益

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.

尽管直接的市场反应是负面的，但一些分析师认为，从长远来看，这些关税最终可能会使比特币和其他加密货币受益。

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

如果贸易紧张局势削弱了美元，它可能会驱使更多的投资者进入分散资产（如比特币），作为价值的替代存储。

“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.

“如果美元进一步滑动，我们可能会看到更多的机会主义交易者将资本部署到较少相关的资产中，这就是比特币在短期内作为反对法定货币折旧和通货膨胀的对冲，” Bitwise Asset Management Alpha Strategies的负责人Jeff Park说。

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

他进一步补充说，经济不稳定增强了比特币的叙述为“数字黄金”。

“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.

帕克解释说：“持续的贸易紧张局势正在提高消费价格，这可能会溢出到加密货币市场中，因为贸易商的因素是美联储随着利率上涨而对通货膨胀的潜在反应。”

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.

该分析表明，随着美元削弱和通货膨胀令人担忧，投资者可能会试图对冲他们在BTC中的财富，从而推动新的采用和价格升值浪潮。

What’s Next For Crypto Investors?

加密投资者的下一步是什么？

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

对于投资者而言，当前的低迷既有风险和机遇。

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.

尽管短期波动率可能是长期观点的那些人可能认为这是以折扣资产积累资产的机会。但是，全球贸易政策的持续不确定性意味着市场波动可能会持续存在。

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.

随着局势的发展，所有人的目光都将关注传统市场和政策制定者如何应对特朗普关税的影响。这是否标志着暂时的倾斜或长时间校正的开始尚待观察。