Tonight, the three major U.S. stock indices collectively fell, with the Dow down 0.83%, and the S&P and Nasdaq down over 1%. The external factor is still Trump's statement on tariffs, declaring an "economic emergency," which directly amplified market concerns about risks.

Emotional influence is transmitted to the cryptocurrency market, and the short-term is in a pressure phase, with risk appetite cooling down. Both Bitcoin and altcoins have the possibility of following downwards. Funds are seeking safety, with the US dollar and US Treasuries being more favored, while the cryptocurrency market is not yet considered a top choice.

However, from another perspective, the intensification of global frictions is actually pushing up the imagination space for "de-dollarization." In the short term, there is pressure, but in the medium to long term, it is beneficial. The rhythm still requires first defending the key support, and then looking for opportunities after it stabilizes.