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Recently, Trump announced a tariff bill that has attracted global attention, proposing tariffs of up to 35% on multiple economies including the EU, Canada, India, Taiwan, and Japan. This move has triggered severe turbulence in the global financial markets and is seen as a potential sign of the beginning of a new round of economic cold war.
As a result, the US stock market experienced a significant decline, with the Dow Jones Industrial Average dropping more than 250 points, and the S&P 500 and Nasdaq indices also showing a gap down. The cryptocurrency market similarly was not spared, with Bitcoin prices falling, and mainstream cryptocurrencies such as Ethereum, Solana, and XRP experiencing declines ranging from 2% to 5%.
However, market fluctuations often hold opportunities. As traditional financial markets are turbulent due to policy uncertainties, some investors have begun to turn their attention to non-sovereign assets. Cryptocurrencies, as a decentralized digital asset, may attract more funds seeking a safe haven in such an environment.
Although the market may continue to fluctuate in the short term, in the long run, this could be the starting point for the cryptocurrency market to enter the next upward cycle. For investors who hold a long-term optimistic view of the cryptocurrency market, the current market adjustment may provide a good entry opportunity.
However, investors should also keep in mind that the cryptocurrency market is highly volatile and uncertain, and any investment decision should be based on a thorough understanding of the risks involved. When considering an investment, one should carefully assess their own risk tolerance and ensure proper asset allocation and risk management.