ChainCatcher news, according to Jinshi Data reports, Trump's reciprocal tariffs on dozens of countries officially took effect today, which is expected to deepen the risks of a global trade war, although he is prepared to negotiate with some countries. Trump's punitive tariffs have shaken the global trade order that has lasted for decades, raising concerns about an economic recession and leading to a significant decline in global stock markets.Since Trump announced the tariffs a week ago, the S&P 500 index has lost nearly $6 trillion in value, marking the largest four-day drop for the benchmark index since its inception in the 1950s. The index is now close to a bear market, having fallen 20% from its recent peak. After a brief respite, the sell-off in Asian markets resumed on Wednesday, including the Nikkei index, which fell more than 3% during the day, while the Korean KOSPI index dropped over 1% intraday.

ChainCatcher news, according to Cointelegraph, Bitwise analyst Jeff Park stated that Trump's trade policies could trigger global macroeconomic turmoil and a short-term financial crisis, but this will also accelerate the widespread adoption of Bitcoin as a store of value. Park believes that the uncertainty brought by the trade war will prompt governments to adopt more inflationary fiscal and monetary policies, leading to further depreciation of fiat currencies. As economic growth comes under pressure, global funds may flow into inflation-resistant, non-sovereign assets like Bitcoin for hedging. In the long term, this will become an important driving force for the rise in Bitcoin prices.

ChainCatcher news, according to Marketwatch, after Trump announced tariffs on Canada, Mexico, and China, cryptocurrencies plummeted. Bitcoin fell below the critical $100,000 mark, hitting a three-week low of around $91,251.11 on Monday. Ethereum dropped about 25% at one point, reaching its lowest level since early September last year.The specter of a global trade war has made investors anxious, leading them to flee risk assets. While many view Bitcoin as a long-term hedge against inflation and uncertainty, in the short term, it behaves more like a risk asset that may react negatively to any uncertainty surrounding the trade war.On the other hand, analysts pointed out that the explosive success of China's low-cost AI model DeepSeek has also impacted cryptocurrencies, as it has broken the long-standing path dependence of "stacking computing power" in the global AI industry and shocked the U.S. AI sector, prompting investors to sell stocks of U.S. AI giants and cryptocurrency positions. Investors see $90,000 as a key support level for Bitcoin, with some warning that if Bitcoin falls significantly below this support level, it could further retrace to $80,000.