After Trump announced a suspension of new tariffs, market sentiment quickly improved. The price of Bitcoin rose from about $77,000 to $83,000, an increase of approximately 7.8%, with other cryptocurrencies like Ethereum and Solana also showing significant rebounds. Crypto-related stocks such as Coinbase and MicroStrategy saw their prices rise by 19% and 24% respectively. This reaction demonstrates the market's positive expectations regarding the easing of trade tensions.  

Long-term impact:

Although the market rebounded in the short term, Trump's trade policies still pose challenges to the Web3 ecosystem. For example, high tariffs on Chinese imports could lead to increased costs for essential hardware like crypto mining machines, affecting the domestic crypto mining industry in the United States. Furthermore, the Trump administration's resistance to a digital dollar may encourage other countries to accelerate the development of central bank digital currencies (CBDCs), potentially undermining the dollar's dominant position in the global financial system.