Trump's trade war has reignited, with the U.S. imposing a 25% tariff on Canada, which immediately retaliated with counter-tariffs. This trade friction has intensified market concerns about inflation and economic uncertainty, leading to increased risk-averse sentiment.
Investors are withdrawing from high-risk assets, with U.S. stocks and the cryptocurrency market declining in sync, and funds may flow into traditional safe-haven assets like gold and bonds. If the trade war continues to escalate, the Federal Reserve's policies may be affected, and market volatility is expected to increase.
Next, the market will closely watch whether the two countries will further expand the scope of tariffs, as well as the Federal Reserve's stance. If capital continues to flow out of the cryptocurrency market, it may remain under pressure in the short term. What do you think the impact of this trade war will be on BTC and the overall market?