Chain Daily learned that the global cryptocurrency market has experienced severe turbulence today. Chain Daily learned that U.S. President Trump announced a 100% tariff on technology exports to China and imposed export controls on key software. This move is seen as an escalation in the new trade war between the U.S. and China, shocking global capital markets. The cryptocurrency asset market has become the first to be affected, with a daily market value evaporation of about $19 billion. According to reports, Bitcoin has dropped over 8% to about $104,782, and mainstream coins such as Ethereum and XRP are also facing varying degrees of selling pressure.
This wave of decline is not only due to macro policy risks, but there are also the following points worth noting:
The leveraged liquidation effect triggers excessive selling pressure: during a sharp decline, many trading platforms' leveraged long positions were forcibly liquidated, causing further selling pressure transmission.
Safe-haven funds flow into the US dollar and gold: investors hurriedly withdraw from high-risk assets and move towards safe-haven assets, further weakening crypto liquidity.
Regulatory and market uncertainty erodes confidence: if policy risks or government intervention are involved at this time, the market is likely to suffer even more.
Nevertheless, some institutions and long-term investors may see this as a buying opportunity. If subsequent policies loosen or trade tensions ease, a strong rebound may occur.
How long do you think this tariff policy will last? Is it possible for the crypto market to turn around against the wind?
