🔍 Trump's Tariff Policy on the Global Cryptocurrency Market Impact
⚡ 1. Short-term Market Volatility Intensifies
Bitcoin's Safe-Haven Attribute Challenged: On July 7, Trump announced a 25% tariff on allies like Japan and South Korea, and a 30%-50% tariff on countries like South Africa and Brazil. As a result, Bitcoin fell below $108,000 in a single day, alongside a drop in US stocks, indicating it is behaving more like a risk asset than “digital gold” in the short term.
Policy Reversal Triggers Fluctuations: The tariff deadline was pushed from July 9 to August 1, but market concerns remained. Coupled with news of a 50% tariff on Brazil, Bitcoin briefly reached a new high of $112,000 before retreating to $111,000, with significantly increased volatility.
💸 2. Divergence in Capital Flow and Safe-Haven Demand
Emerging Market Capital Shifts to Cryptocurrency: After Brazil faced a 50% tariff, the real plummeted, and some investors sold their local currency to buy Bitcoin, driving prices higher in the short term.
Stablecoins and Decentralized Platforms Favored: Amid trade uncertainty, stablecoin trading accounted for over 70%, and the decentralized exchange XBIT saw a 300% surge in trading volume, becoming a new channel for capital safety.
🚀 3. Long-term Structural Impact
Accelerating Blockchain Cross-Border Payment Applications: Companies are exploring using blockchain to optimize customs clearance processes, and the compliance process for stablecoins (like Ripple RLUSD) in trade settlements is speeding up.
Regulation and Market Resilience Coexist: The US will review the “CLARITY Act” and two other major cryptocurrency bills next week; if a clear regulatory framework is established, it may alleviate the impact of policy uncertainty on the market.
💎 Summary: Trump's tariff policy intensifies volatility in the cryptocurrency market in the short term, undermines Bitcoin's safe-haven attribute, but drives capital towards stablecoins and decentralized platforms; in the long term, it may promote the integration and application of blockchain technology in global trade, forming a pattern of “evolution amid volatility.”
