#美国加征关税 $ACT $GUN $BNB The actual impact of the U.S. tariff increase on Bitcoin is mainly reflected in the following aspects:

1. Short-term price volatility

After the announcement of the tariff policy, Bitcoin often experiences rapid declines. For example, after a 25% tariff was imposed on Canada and Mexico on February 1, 2025, Bitcoin plummeted 15% in one day; after the tariff escalation on China on March 4, Bitcoin's volatility soared 8%, with a daily market value evaporation of $22 billion. A similar situation occurred again on February 2025 when a 10% tariff was imposed on China, resulting in a 9.3% drop in Bitcoin that day, while the market had already reacted in advance before the tariff was implemented on April 2, causing Bitcoin's price to dip to $82,100.

2. Mining machine costs and computing power crisis

If tariffs are imposed on ASIC chips, the production costs of mining machines could surge by 18%, leading to a 30% decline in overall network computing power and a wave of miner shutdowns threatening network security. China accounts for 90% of global mining machine production, and trade barriers could trigger "computing power migration," reshaping the geographical distribution of Bitcoin nodes.

3. Dollar hegemony and crypto asset paradox

When tariffs push up the dollar exchange rate, Bitcoin usually falls in the opposite direction (for example, in February 2025, a 2% rise in the dollar index corresponded to a drop in Bitcoin). However, in the long term, if the credibility of the dollar weakens, Bitcoin may benefit as a "de-dollarization" tool. Currently, the correlation between Bitcoin and the S&P 500 has risen to 0.7, showing characteristics of being "half-hedge and half-risk."

4. Market liquidity and asset redistribution

The risk-averse sentiment triggered by tariffs drives funds toward stablecoins (such as USDT, USDC), with a 40% surge in on-chain inflow of stablecoins in the last week of March. At the same time, real-world asset tokenization (RWA) products, due to their resistance to policy fluctuations, became the champion of net capital inflows in March.

5. Policy game and long-term impact

The "crypto asset strategic reserve" proposed by the Trump administration may bring about a systemic bull market (such as the $200,000 level), but if comprehensive high tariffs (such as a 60% tariff on China) are implemented, Bitcoin might test a bottom of $65,000. The recently passed "Bitcoin Rights Bill" in California provides legal protection for the industry and may become a turning point for U.S. crypto regulation.