On January 20th, former President Trump's comments on tariffs for French wine and Champagne caused a huge stir—threatening a 200% tariff combined with geopolitical issues related to Greenland, directly turning the global markets upside down.

How explosive was this news? Just look at asset allocation. Spot gold immediately broke through the historical high of $4,700 per ounce, with funds flooding into this traditional safe haven. At the same time, #数字资产市场动态 was doing the opposite—short-term plunge, even briefly breaking below $92,000.

This is actually the most intuitive reflection of the market: when overall uncertainty rises, money starts to move. Moving from highly volatile crypto assets to stable gold is a standard response to risk appetite adjustments. Behind gold reaching new highs is the market’s urgent demand for safe-haven assets; the pressure on Bitcoin just confirms the fragility of risk assets when risk aversion heats up.

Such sudden events often have only short-term impacts on the market, but their influence on investor sentiment is real. When geopolitical risks become hot topics, high-volatility assets like cryptocurrencies are the first to be affected, and this precisely is the process of market risk pricing.