### 1. **Bitcoin Price Plummets**

- Bitcoin continued to decline throughout the day, with a morning quote of $80,560 on March 10, showing a significant downward trend. This fluctuation may be related to changes in macroeconomic policy and market sentiment.

### 2. **Impact of Macroeconomic Policy**

- **U.S. Tariff Adjustments**: The Tariff Policy Committee of the State Council of China announced that starting March 10, tariffs will be imposed on certain goods originating from the United States, potentially raising market concerns about global trade friction, indirectly affecting the short-term trend of risk assets (such as cryptocurrencies).

- **Federal Reserve Interest Rate Policy**: A Federal Reserve official warned of upward risks to inflation, suggesting that interest rates may remain high for a prolonged period. This move could lead to a stronger dollar, thereby suppressing the price of Bitcoin, which is priced in dollars.

### 3. **Foreign Exchange Market Dynamics**

- The USD/JPY exchange rate fell to 1:147.2580, with the RMB/JPY exchange rate fluctuating in sync (100 JPY equals 4.8830 RMB). Fluctuations in the foreign exchange market may affect the appeal of cryptocurrencies as a safe haven or arbitrage tool.

### 4. **Geopolitical and Market Sentiment**

- Recent comments by Musk stating, "If Starlink is shut down, the front lines in Ukraine will collapse," while not directly related to the cryptocurrency space, may trigger short-term risk aversion in the market due to his comments on technology and geopolitical risks.

### 5. **Industry Event Preview**

- **Tech Giants' Moves**: President Trump plans to meet with executives from tech companies such as HP, Intel, and IBM on March 10 to discuss technology policies. Such meetings may involve potential signals regarding digital currency regulation or the development of blockchain technology, requiring close attention to subsequent dynamics.

### Summary

The price of Bitcoin is influenced by multiple factors, including macroeconomic policies, forex fluctuations, and geopolitical risks. Investors should pay attention to the Federal Reserve's policy direction, progress in U.S.-China trade friction, and the strategies of tech giants in the blockchain field. $BTC #加密市场回调