#美国非农就业数据未达市场预期 Tariff turmoil stirs the crypto market, Iran situation becomes a new variable

The US government recently announced a 25% tariff on countries with trade relations with Iran, and as soon as the news broke, global capital markets instantly exploded. Details are still unfolding, but this move is clearly a new round of pressure on Iran's economy. From a geopolitical perspective, economic sanctions might reduce the likelihood of military conflicts, but the market was first startled by the uncertainty—this panic immediately spread to the crypto market.

Remember October 2025? At that time, when the trade war was announced, Bitcoin dropped 15% in a day, altcoins were cut in half, and over 300,000 investors faced margin calls and lost everything. That was because crypto market leverage was too high, and the lending cycle of high-yield stablecoins like USDe was as fragile as a house of cards. A macro shock caused everything to collapse.

But this time might be different.

Restrictions on crypto trading in Iran are not new; previous internet bans have already halted local trading. What's more interesting is that the harsher the sanctions, the more Iranians turn to crypto. Stablecoins have become their lifeline for protecting assets. Now, with the escalation of tariff policies, more Iranian funds are likely to flow into the crypto market, increasing demand for Bitcoin and stablecoins.

**Short-term outlook? Better to be cautious**

Before the policy details are fully released, market uncertainty remains. Large investors are watching and hesitant to act quickly. During this period, reducing leverage and avoiding risks is the smart approach.

**What about the long term? Opportunities are here**

Iran currently has over 5 million crypto users. Tariffs and sanctions will push this group to increase their allocation of crypto assets. Looking globally, countries affected by geopolitical tensions and economic sanctions are accelerating their inclusion of cryptocurrencies into their asset portfolios. Bitcoin's "digital gold" attribute will become more attractive. Once geopolitical conflicts escalate, Bitcoin and gold may resonate together, pushing both higher.