Recently, the US government's tariff policies have sparked widespread market attention. According to several senior analysts, this policy shift has had a far greater impact on the cryptocurrency market than expected, with its correlation even surpassing that of Bitcoin and the US stock market (currently a correlation coefficient of 0.74).

Looking back at the tariff policy adjustments in 2025, global financial markets experienced significant volatility. Data shows that Bitcoin once dropped 5% in a single day, Ethereum fell by 10%, and during the same period, over 280,000 traders worldwide were liquidated within 24 hours, with a market cap evaporating by $5.4 trillion. These figures clearly demonstrate the direct impact of macro policies on digital assets.

Deeper effects stem from tariffs constraining the mining industry. As one of the major Bitcoin mining regions globally, the US's mining hardware supply chain heavily relies on imports from Southeast Asia. The tariff increase directly raised the cost of mining equipment, thereby affecting the economics of mining. This cost pressure will ultimately be transmitted to the coin price—when mining profitability declines, miners' selling pressure increases.

Regarding the price trend forecast for 2026, policy uncertainty remains a key variable. Investors need to closely monitor the subsequent developments of tariff policies and their long-term impact on global hash rate distribution and market liquidity. Short-term volatility is unavoidable, but fundamental industry shifts are the decisive factors for long-term direction.