#美国加征关税
As the Sino-US game intensifies, can Bitcoin escape this storm?
Recently, the United States announced a 10% tariff on all Chinese goods exported to the United States. China immediately retaliated and announced a 15% tariff on US coal and liquefied natural gas from February 10, and a 10% tariff on crude oil, agricultural machinery, large-displacement cars and pickup trucks. This round of trade friction has increased market risk aversion, and the impact is not limited to the traditional financial sector, but also the cryptocurrency market.
The relationship between the tariff war and the cryptocurrency market
1. Rising risk aversion and changes in capital flows
The escalation of the trade war usually means increased market uncertainty, and investors have turned to safe-haven assets, with gold and the US dollar index (DXY) becoming the main safe havens. As the US dollar index strengthens, cryptocurrencies such as $BTC usually face downward pressure, and price fluctuations may intensify.
2. Tightening of US dollar liquidity hits the crypto market
The tariff war may prompt the Federal Reserve to adopt a tight monetary policy, such as maintaining high interest rates or reducing market liquidity. This will reduce the supply of US dollars, further suppress demand for Bitcoin and other crypto assets, and cause market pressure.
3. RMB volatility and capital flow risks
The trade war may cause the RMB to depreciate, and some investors may turn to cryptocurrencies for risk aversion. However, if the depreciation of the RMB exacerbates capital outflows, China may strengthen foreign exchange controls, thereby limiting demand in the crypto market. At the same time, restricted capital flows and stricter supervision may put long-term pressure on the crypto market.
Future Outlook
At present, China and the United States still have some room for negotiation. If the situation eases, the market's risk aversion will ease, and the volatility of crypto assets such as $BTC $ETH may return to normal. On the contrary, if the tariff war continues to escalate, uncertainty in the global market will further intensify, and the crypto market may also face greater pressure. Investors should always pay attention to the progress of trade negotiations and how this process affects changes in global liquidity and market sentiment.
