特朗普威脅歐盟關稅後，比特幣下降了4.5％

在過去的24小時內，比特幣跌至4.5％，因為特朗普威脅要以關稅達成歐盟，跌至108,000美元。

Bitcoin price dropped 4.5% over the last 24 hours as it fell to $108,000 following reports that Trump threatened to hit the EU with tariffs. The sharp sell-off wiped out around $638 million in leveraged positions, as per data from Coinglass.

在過去的24小時內，比特幣的價格下跌了4.5％，因為特朗普威脅要以關稅達成歐盟，跌至108,000美元。根據Coinglass的數據，急劇的拋售在槓杆位置上消失了約6.38億美元。

As reported by The Kobeissi Letter, Trump said that he is not going to make a deal with the EU but hinted that he might delay the tariffs if the EU builds factories in the U.S.. He recommended a 50% tariff on EU goods starting June 1, 2025, unless the products are made in the U.S..

正如Kobeissi信所報導的那樣，特朗普說，他不會與歐盟達成協議，但暗示，如果歐盟在美國建立工廠，他可能會延遲關稅。他建議從2025年6月1日開始對歐盟商品徵收50％的關稅，除非在美國製造產品。

The sharp move came after a period of low volatility, and Trump’s comments triggered panic across global markets. Top altcoins like Ethereum, XRP, Solana, Dogecoin, and Cardano were also hit hard as they dropped 3-6%. According to CoinGlass, nearly $350 million in crypto positions were liquidated in just 4 hours, with over $500 million wiped out in 24 hours.

在一段時間的波動率低之後，急劇的舉動發生了，特朗普的評論引發了整個全球市場的恐慌。諸如以太坊，XRP，Solana，Dogecoin和Cardano等頂級山寨幣在下降3-6％時也受到了猛烈打擊。根據Coinglass的數據，將在短短4小時內清算了近3.5億美元的加密貨幣職位，並在24小時內消失了超過5億美元。

Crypto stocks also slid today as BTC Treasury companies like Microstrategy and Semler Scientific dropped around 6%. Japan’s Metaplanet fell even harder, down 24%. Despite Bitcoin hitting a fresh all-time high this week, crypto stocks did not keep up with the gains.

今天的加密貨幣也滑行，因為MicroStrategy和Semler Scientific（例如Secocific）的BTC國庫公司下跌了6％。日本的Metaplanet變得更加嚴重，下降了24％。儘管本週比特幣在新鮮的歷史上達到了新鮮的高度，但加密貨幣卻沒有跟上收益。

Is Trump In A Tough Spot?

特朗普在艱難的地方嗎？

Commenting on the big-picture market situation, The Kobeissi Letter said Trump is in a tough spot. If he pushes tariffs too hard, it could cause market trades to fall apart. But if he backs off too much, then the inflation expectations could rise again.

Kobeissi信中評論大型市場情況時，特朗普在一個艱難的地方。如果他努力推出關稅，可能會導致市場交易崩潰。但是，如果他退縮過多，那麼通貨膨脹期望可能會再次上升。

The former president has to find a way to keep tariffs high enough to show strength but should also avoid pushing up treasury yields. And he has to do this without help from the Fed, which isn’t lowering interest rates yet.

這位前總統必須找到一種方法來保持關稅足夠高以顯示實力，但還應避免提高國庫收益率。而且他必須在沒有美聯儲的幫助的情況下這樣做，這還沒有降低利率。

This Cycle Is Different, Say Analysts

分析師說，這個週期是不同的

Analyst Benjamin Cowen says Bitcoin’s recent drop looks like the typical dip that follows a golden cross.

分析師本傑明·考恩（Benjamin Cowen）說，比特幣最近的下降看起來像是在金十字架之後的典型下降。

According to Cowen, he expects the pullback to last a few days with a possible bounce coming next week.

據Cowen稱，他預計回調會持續幾天，下周可能會彈跳。

Experts note that this crypto cycle is way more complex and different from the past ones. So, there’s no reason to expect the rest of it to follow the same old 4-year pattern. Analyst Michaël van de Poppe says that investors should stay open-minded over the next 1-2 years as the market could bring surprises.

專家指出，這個加密循環與過去的周期更為複雜和不同。因此，沒有理由期望其餘的遵循相同的舊4年模式。分析師MichaëlVande Poppe表示，由於市場可能帶來驚喜，投資者應在未來1 - 2年內保持開放的態度。

According to van de Poppe, the chances are now much higher of a longer cycle with Bitcoin possibly hitting $400K–$600K by 2026/2027 and altcoins climbing even higher.

根據范德波普（Van de Poppe）的說法，現在的機會更長，比特幣可能達到40萬美元 - 到2026/2027 $ 60萬美元，而Altcoins攀升甚至更高。