China's Tariff Retaliation Impacts Cryptocurrency Markets

中國的關稅報復影響加密貨幣市場

Over the past 24 hours, major cryptocurrencies experienced a surge of up to 20%, before pulling back. This followed a buy-the-dip strategy after Monday's $2.2 billion loss, but gains were erased upon China's announcement of retaliatory tariffs on the U.S.

在過去的24小時內，主要加密貨幣經歷了高達20％的激增，然後退回。這是在周一22億美元虧損之後進行的浸入策略之後，但在中國宣布對美國的報復性關稅之後，收益被刪除。

During Asian morning hours, the rally subsided as the deadline for the U.S. to impose additional tariffs on China passed without resolution.

在亞洲早上的時間裡，這次集會平息了，因為美國對中國征收額外關稅的截止日期沒有解決。

Several cryptocurrencies witnessed gains, including XRP, dogecoin (DOGE), Solana's SOL, and Cardano's ADA, all up around 3%. Bitcoin (BTC) and ether (ETH) gained approximately 4%.

幾項加密貨幣目睹了包括XRP，Dogecoin（Doge），Solana's Sol和Cardano的Ada的收益，均增長了3％。比特幣（BTC）和Ether（ETH）獲得了約4％。

However, Ben El-Baz, Managing Director of HashKey Global, cautions that the U.S.-China tariff conflict could dampen risk appetite and curb the positive sentiment that has fueled the cryptocurrency market's upswing over the past year. He adds that this damage could be mitigated if the U.S. enacts crypto-friendly policies.

但是，Hashkey Global的董事總經理Ben El-Baz警告說，美中關稅衝突可能會抑制風險的胃口，並遏制積極的情緒，這加劇了加密貨幣市場在過去一年中的上升。他補充說，如果美國製定了對加密友好的政策，則可能會減輕這種損害。

Traders remain divided on the long-term implications of China's retaliatory measures, with markets influenced by the potential for reversal or extended correction if further actions are taken by Trump's administration.

貿易商在中國的報復措施的長期影響下仍然存在分歧，如果特朗普的政府採取了進一步的訴訟，市場受到逆轉或擴展糾正的影響。

According to Min Jung, Research Analyst at Prestro Research, "Despite increased recognition of Bitcoin as digital gold, it still largely trades like a risk asset." This makes it vulnerable to the pressure caused by China's tariffs, similar to other global risk assets like equities.

Prestro Research的研究分析師Min Jung表示：“儘管對比特幣作為數字黃金的認識越來越高，但它仍然在很大程度上像風險資產一樣進行交易。”這使其容易受到中國關稅造成的壓力，類似於其他全球風險資產等股票。

Jung adds that while today's initial reaction may have been exaggerated, heightened volatility is expected to continue as markets react to further developments. "The crucial question is whether this move is primarily a negotiation tactic that could eventually be reversed or signals the start of a prolonged trade conflict," she says.

Jung補充說，儘管今天的最初反應可能被誇大了，但隨著市場對進一步發展的反應，預計波動率會持續增長。她說：“關鍵的問題是，這一舉動是否主要是一種談判策略，最終可以逆轉或發出長期貿易衝突的開始。”

President Trump's earlier decision to impose tariffs on imports from Canada, Mexico, and China caused a sharp drop in bitcoin and equity markets. This shifted investors' focus from Trump's pro-crypto stance to the immediate economic consequences.

特朗普總統早些時候決定對加拿大，墨西哥和中國進口的關稅徵收關稅，使比特幣和股票市場急劇下降。這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。

Monday's liquidation event presented a "buy-the-dip" opportunity, with investors seeking protection against economic uncertainty and currency volatility through dollar-backed stablecoins.

週一的清算活動帶來了“浸入式”機會，投資者通過以美元支持的穩定穩定性尋求保護經濟不確定性和貨幣波動。

Nonetheless, China's retaliatory tariffs could spark a broader trade war and intensify volatility across the cryptocurrency market in the coming days.

儘管如此，中國的報復性關稅可能會引發更廣泛的貿易戰，並在未來幾天內加劇加密貨幣市場的波動。