Cumberland Labs： Trump's tariff policy indirectly affects the cryptocurrency market

According to a report by Golden Finance, Bitcoin fell to around $80000 in the Asian market on Friday, hitting its lowest level since November 11th. Chris Newhouse, research director at Cumberland Labs, pointed out that "tariff policies have further suppressed market prospects, while stubborn high short-term inflation expectations have intensified overall caution. The Bybit exchange hacking incident has exerted additional downward pressure on prices and had a negative impact on market sentiment Cryptocurrencies are also facing greater pressure from investors' risk appetite shifts, as they have withdrawn transactions related to Trump in multiple markets. This week, the S&P 500 index fell after concerns over the economic outlook were raised by sluggish US consumer confidence data.