The recent sharp drop in the cryptocurrency market can be attributed mainly to US policy adjustments, poor performance of global stock markets and uncertainty in the Federal Reserve's monetary policy signals. First, US President Trump recently announced that he would impose tariffs on imports from Mexico, Canada and China. This move has triggered market concerns about the escalation of the trade war and economic recession, causing investors to turn to safe-haven assets and sell off risky assets in large quantities. , such as Bitcoin and Ethereum. According to Reuters, Bitcoin once slipped to around $91,000, showing the high sensitivity of the crypto market to such policy risks.

Secondly, global stock markets have performed poorly recently, especially U.S. stock index futures, which generally fell at the opening, further widening investors' risk aversion towards highly leveraged risky assets. Since cryptocurrencies are closely related to stock market capital flows, when traditional financial markets are affected by negative news, the crypto market is also difficult to remain immune and a chain sell-off occurs.

In addition, the monetary policy adopted by the Federal Reserve in its recent meetings also weighed on market sentiment. Although the market widely expects a rate cut, Federal Reserve officials have remained cautious about the economic outlook and signaled that future rate cuts may be limited or even slowed. This has weakened market expectations for improved liquidity, undermined investors' confidence in high-risk assets, and further exacerbated the downward pressure on the crypto market.

Taking all the above factors into consideration, the rising global risks caused by the US trade protectionism measures, coupled with the weakening of traditional stock markets and the signal of the Federal Reserve's policy shift, have jointly prompted the cryptocurrency market to enter a round of violent selling cycle. In the face of market fluctuations, investors should strengthen risk management and prudently adjust asset allocation to cope with uncertainties that may persist in the future.

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