The invention relates to the technical field of household supplies, in particular to a graphene towel capable of resisting bacteria and promoting blood circulation. The graphene towel is prepared from, by mass, 30-45% of graphene ultrafine polyester fiber, 10-25% of ordinary fiber, 5-15% of chitosan fiber, 25-35% of ultrafine hollow polyester fiber, 3-4% of silica gel and 1-2% of nano-silver. Theinvention further discloses a preparation method of the graphene towel capable of resisting the bacteria and promoting the blood circulation. The preparation method comprises the following steps of S1, preparation of a leather layer material; S2, composite spinning; S3, blending; S4, spooling; S5, warping; S6, slashing; S7, weaving; S8, dyeing and S9, finishing. The graphene towel capable of resisting the bacteria and promoting the blood circulation and the preparation method of the graphene towel have the advantages that an antibacterial agent adopts nano-silver particles taking silica gel asa carrier, the nano-silver particles are distributed on the outer layer of the graphene ultrafine polyester fiber through a composite spinning mode, thereby not only reducing the use amount of the nano-silver, but also reducing the influence on the mechanical properties of the graphene ultrafine polyester fiber, and the graphene towel is strong in antibacterial property, good in elasticity and good in air permeability, and can be suitable for industrial large-scale production.