Recently, trade tensions have escalated, and the US tariffs on Europe have stirred up the entire market. The crypto circle has not been immune; mainstream cryptocurrencies like Bitcoin have responded with fluctuations. Honestly, once economic data becomes ambiguous, many investors start looking for safe havens, and non-sovereign assets like Bitcoin naturally become popular, pushing the market upward. However, this momentum didn't last long because the economic outlook brought by tariffs created uncertainty, and crypto assets are easily influenced by macro factors, leading to subsequent price adjustments. Looking at the long term, trade barriers may encourage more institutions to explore decentralized finance solutions, and the application scenarios of DeFi could potentially expand significantly. However, regulators are also following up, and risks coexist. The future market will still depend on how regulations are implemented.