#数字资产市场动态 Every day witnesses historic market fluctuations.

Gold and silver hit new highs as soon as the market opens, while $BTC continues to slide — this contrast says it all. Risk assets are generally under pressure, and cryptocurrencies, being the most sensitive risk assets, are naturally the first to be affected.

A careful breakdown of this round of decline reveals two main driving factors:

First, the trade dynamics between Europe and the US are changing. This tariff conflict is still in its early stages. How the key speech at 9:30 PM will unfold, and the stance on Greenland, are all potential variables. If language is escalated or the conflict intensifies, US stocks will open under considerable pressure tonight. Looking at the response at the Europe-US summit on the 22nd — if it truly turns confrontational, the market reaction will resemble last February’s situation.

Second, there was a sudden large-scale sell-off in the Japanese bond market, which transmitted shocks to the US bond market, triggering a chain reaction. Many institutions and hedge funds were forced to close positions to cut losses, further spreading risk aversion.

Overall, the uncertainty in the news is too high, and the market has fallen into a vacuum of expectations, triggering collective risk aversion — the sharp rise in precious metals is the most direct indicator.

For investors, the most prudent choice right now is not to gamble. Wait for a real opportunity to appear before taking action — it’s much more reliable than shooting in the dark.