The war has begun!

China has imposed a reciprocal 34% tariff, which will not directly affect digital currencies. However, this will worsen the 'weather' of the global economy, causing everyone to feel uneasy and possibly hesitant to invest in high-risk coins, leading to pressure on coin prices. There may also be those who find the traditional market too chaotic and view cryptocurrencies as a 'Noah's Ark' to escape risk. Additionally, this may influence how the Federal Reserve manages liquidity, indirectly affecting the funding environment in the crypto space.

Short-term volatility is bound to intensify, as the current market is purely event-driven.