Talk about the current situation of tariffs.

In summary: the trade situation has eased, Bitcoin is rising in the short term but faces pressure in the long term.

In simple terms, what has happened recently?

The United States has temporarily stopped its trade war with the European Union and China, which is good news for the market, so both stocks and Bitcoin have risen a bit.

With the EU here ( on July 28, ): The United States agreed to set a 15% tariff ceiling, and products sold by the United States to Europe will temporarily be exempt from taxes.

On this side of China, on July 29, (: The ceasefire agreement that was about to expire has been extended for another 90 days, allowing everyone to catch their breath.

The core issue remains that this is just a pause, not an end. The big problem of tariffs is still there, so the uncertainty in the market remains very high.

Why did Bitcoin rise first and then fall?

After the trade relations eased, $BTC surged as well, reaching a high of nearly $120,000, but then it fell back.

Why is it like this?

With no more trade wars, people are less afraid of risks, feel that the market environment is good, and are willing to invest money in high-risk, high-return places like Bitcoin and tech stocks.

But if negotiations collapse again in the future and tariffs are reinstated, everyone will immediately sell off these high-risk assets, and Bitcoin may fall together with the stock market.

Additionally, Bitcoin is a hedge tool: If tariffs really cause the prices of various goods to rise (that is, inflation), some people will consider Bitcoin as digital gold, which can preserve value, and thus buy Bitcoin to combat inflation.

On the other hand, there are "risk assets": but if inflation is too high, causing the Federal Reserve to have to raise interest rates to control prices, then the dollar will appreciate, which is bad news for Bitcoin that requires a large amount of capital for speculation, leading to a price drop.

In simple terms, Bitcoin's situation is very contradictory; it hopes for some inflation to reflect its value as a safe haven, yet it fears that things will get so chaotic that the Federal Reserve will have to raise interest rates.