Cryptocurrency Surge Reverses After China's Tariff Announcement

中國關稅公告後，加密貨幣激增逆轉

In the past 24 hours, major cryptocurrencies experienced notable gains, with some witnessing increases of up to 20%. This surge was attributed to a "buy-the-dip" strategy following a market shift of $2.2 billion on Monday. However, these gains were swiftly reversed when China announced retaliatory tariffs against the U.S.

在過去的24小時內，重大加密貨幣經歷了顯著的收益，一些目擊者的增長高達20％。這次激增歸因於週一22億美元的市場變化後，這是歸因於“浸入式”策略。但是，當中國宣布對美國的報復性關稅時，這些收益迅速扭轉了

During the Asian morning hours, the market retracted as the deadline for new U.S. tariffs on China passed without a resolution. Cryptocurrencies such as XRP, Dogecoin (DOGE), Solana (SOL), and Cardano (ADA) had climbed by nearly 3%, while Bitcoin (BTC) and Ether (ETH) had gained approximately 4%.

在亞洲早晨，市場撤回，因為新美國對中國關稅的截止日期沒有解決。 XRP，Dogecoin（Doge），Solana（Sol）和Cardano（ADA）等加密貨幣攀升了近3％，而比特幣（BTC）和Ether（Eth）和Ether（Eth）上漲了約4％。

Ben El-Baz, Managing Director of HashKey Global, raised concerns about the U.S.-China tariff conflict. He noted that it could dampen interest in risk assets, potentially affecting the positive sentiment that has fueled the crypto market's growth in the past year. Nevertheless, he suggested that if the U.S. adopts more crypto-friendly policies, the adverse effects could be temporary.

Hashkey Global董事總經理Ben El-Baz引起了對美中關稅衝突的擔憂。他指出，這可能會削弱對風險資產的興趣，這可能會影響過去一年中加密貨幣市場增長的積極情緒。儘管如此，他建議，如果美國採用更多的加密友好政策，不利影響可能是暫時的。

Traders remain uncertain about the long-term implications of China's tariffs. The market may experience a reversal or a prolonged downturn if further actions are taken against China by the Trump administration. Min Jung, a research analyst at Prestro Research, highlighted that while Bitcoin is increasingly perceived as a digital store of value, it still exhibits characteristics of a risk asset. The tariffs, like other risk assets such as stocks, are exerting pressure on cryptocurrencies.

貿易商仍然不確定中國關稅的長期影響。如果特朗普政府對中國採取進一步的行動，市場可能會經歷逆轉或長期衰退。 Prestro Research的研究分析師Min Jung強調，儘管比特幣越來越被視為價值的數字存儲，但它仍然表現出風險資產的特徵。與其他風險資產（例如股票）一樣，關稅也對加密貨幣施加壓力。

While the initial market reaction may have been an overreaction, volatility is expected to persist as developments unfold. The critical question is whether these tariffs represent a negotiating tactic or the beginning of a more prolonged trade conflict, particularly given Trump's focus on China.

雖然最初的市場反應可能是一種過度反應，但隨著發展的發展，波動率將持續下去。關鍵的問題是，這些關稅是否代表了談判策略，還是延長貿易衝突的開始，尤其是考慮到特朗普對中國的關注。

Trump's previous tariffs on imports from Canada, Mexico, and China triggered a sharp decline in Bitcoin and stock markets on Monday. This shift shifted investor focus from Trump's pro-crypto stance to the immediate economic consequences.

特朗普以前對加拿大，墨西哥和中國進口的關稅在周一引發了比特幣和股票市場的急劇下降。這一轉變將投資者的重點從特朗普的親克賴特托立場轉移到了直接的經濟後果。

The recent market events provided a "buy-the-dip" opportunity, with traders seeking refuge in dollar-backed stablecoins to mitigate economic uncertainty. However, retaliatory measures from affected nations could lead to a broader trade conflict, exacerbating volatility in the crypto market.

最近的市場事件提供了“浸入式”機會，交易者尋求以美元支持的穩定者避難來減輕經濟不確定性。但是，受影響國家的報復措施可能導致更廣泛的貿易衝突，加劇加密貨幣市場的波動。