BlockBeats News, April 9th. The 104% tariff imposed by the United States will officially take effect at 12:01 a.m. Eastern Time on April 9th. As soon as the news broke, the Bitcoin market once again experienced a rollercoaster ride! According to BiyaPay's market data, the Bitcoin price plummeted to a low of $74,508, evaporating nearly 10% of its market cap in just 24 hours.

Trump is truly persistent. 37 years ago, he bought an entire page of The New York Times to outline his ideas on tariffs, diplomacy, and more. 37 years later, he is implementing what used to be his ideas. This move not only poses a threat to the global supply chain but also brings new uncertainty to the cryptocurrency market.

The tariff hike may drive up inflation or pressure the Federal Reserve to tighten its monetary policy, bearish for the crypto market. If retaliatory measures are taken in key metal refining sectors such as lithium and copper, it will directly raise the cost of mining hardware, impacting the mining economic model. Coupled with the potential catalyst of the tariff war strengthening the US dollar, it may further amplify the demand for safe-haven assets' volatility, such as BTC and other decentralized assets.

Facing a market environment of intense volatility, investors' demand for secure and efficient asset allocation tools has surged. In this context, BiyaPay, as the world's first multi-asset trading wallet, demonstrates its unique value. It has now enabled instant fiat-to-crypto exchange, participation in the US/Hong Kong stock markets with USDT, zero fees for spot/contract Maker transactions, a compliant B2C fiat withdrawal channel, secure unfreezing of cards for withdrawals, effectively avoiding the fund freezing risk in traditional OTC/C2C transactions, and providing practical solutions for crypto investors to cope with policy uncertainty.