Kelly Knack XHps

#美国加征关税
The impact of Trump's tariff policy on virtual currencies (cryptocurrencies) presents multi-dimensional, dynamic changes, mainly transmitted through the following mechanisms:
1. Short-term Direct Impact: Risk Asset Sell-off undefined
Market panic and risk aversion sentiment
Trump's tariff increases have escalated global trade frictions, heightened economic recession fears, and led investors to sell high-risk assets (including cryptocurrencies).
For example, in February 2025, after Trump announced tariffs on China, Mexico, and Canada, Bitcoin plummeted over 4% within 24 hours, hitting a low of $96,606, with the total market cap of cryptocurrencies evaporating by $200 billion in a single day.

Guotai Junan International (Hong Kong stock code: 01788) experienced a single-day surge of 198.39% on June 25, 2025, with an intraday maximum increase of 200%, closing at HKD 3.70, reaching a new high in nearly a year. The core reasons for this anomaly and its market impact are as follows:
Core reasons for the surge
Approval of virtual asset licenses
On June 24, Guotai Junan International officially received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license (Type 1 license) to a comprehensive license that can provide virtual asset trading services. After the license upgrade, clients can directly trade mainstream cryptocurrencies such as Bitcoin and Ethereum, as well as stablecoins like Tether (USDT) through its platform, while also providing related investment consulting and derivative services.

#美国5月核心PCE物价指数
The core PCE price index for June in the U.S. has the following impacts on cryptocurrencies on the Binance platform:
Index lower than expected: If the core PCE price index for June is lower than expected, the market will reduce its expectations for interest rate hikes by the Federal Reserve, and may even strengthen expectations for rate cuts. This will lead to a looser funding environment, increased market liquidity, a rise in investors' risk appetite, and more funds flowing into the cryptocurrency market. Mainstream cryptocurrencies such as Bitcoin, Ethereum, Binance Coin on the Binance platform, as well as other tokens with high market capitalization, may rise due to overall market optimism, and market trading activity will also increase, potentially leading to significant price increases in cryptocurrencies.