儘管比特幣（BTC）在2月3日的每日低點達到91,341.25美元，這是由於唐納德·特朗普總統對關稅的評論，BTC仍然在結構上保持強勁

比特幣在今年年初猛增，一月份獲得了10％以上，並在1月20日達到109,590美元的歷史最高點，與特朗普的就職典禮相吻合。

Bitcoin (BTC) price action has largely mirrored that of US equities in response to recent macroeconomic developments, according to the latest edition of the “Bitfinex Alpha” report.

根據“ Bitfinex Alpha”的最新版本，比特幣（BTC）的價格行動在很大程度上反映了美國股票的響應。

After surging at the start of the year, BTC has experienced a recent pullback following announcements of US tariffs on goods from Canada, Mexico and China.

在今年年初激增後，BTC在宣布從加拿大，墨西哥和中國對商品的關稅宣布後，最近經歷了最近的回調。

Bitcoin price dropped to a daily low of $91,341.25 on Feb. 3 following President Donald Trump’s remarks on tariffs. However, the flagship crypto asset remains structurally strong, according to the report.

Bitcoin price dropped to a daily low of $91,341.25 on Feb. 3 following President Donald Trump's remarks on tariffs.但是，該報告稱，旗艦加密資產在結構上仍然很強。

Bitcoin began the year with a surge of over 10% in January, reaching an all-time high of $109,590 on Jan.20, coinciding with Trump’s inauguration.

比特幣始於一年，一月份的增長超過10％，在1月20日達到109,590美元的歷史最高點，與特朗普的就職典禮相吻合。

The rally was short-lived, however, and Bitcoin closed January at $102,470 before entering a downward trend in early February.

但是，這次集會是短暫的，比特幣在2月初進入下降趨勢之前，以102,470美元的價格關閉。

Since mid-November, Bitcoin has traded within a 15% range, forming two peaks near $108,000.

According to the report, historical patterns suggest that such ranges typically resolve within 80 days to 90 days, indicating the potential for a decisive move in the coming weeks.

根據該報告，歷史模式表明，這種範圍通常在80天到90天內解決，這表明在接下來的幾週內有決定性的行動。

Bitcoin price experienced a sharper decline compared to the S&P 500 index (SPX) in response to the US tariff announcements.

比特幣價格與美國關稅公告相比，比特幣的價格下降了比標準普爾500指數（SPX）的較高下​​降。

On Jan. 31, the US announced a 25% tariff increase on imports from Canada and Mexico and a 10% increase on goods from China.

1月31日，美國宣布從加拿大和墨西哥進口的進口稅率增加了25％，來自中國的商品增加了10％。

The SPX reacted by falling 0.5% to close at 6,040.53 as investors assessed potential impacts on corporate earnings and economic stability.

由於投資者評估了對公司收入和經濟穩定的潛在影響，因此SPX的反應是下跌0.5％，收於6,040.53。

Bitcoin, on the other hand, fell to $91,657 by Feb. 3, reflecting its status as a tail-risk asset. After reaching an intraday high of $106,040 on Jan. 31, it dropped sharply in the following days.

另一方面，到2月3日，比特幣跌至91,657美元，反映了其作為尾風資產的地位。在1月31日達到106,040美元的盤中高點之後，它在接下來的幾天內急劇下降。

This downward pressure continued over the weekend while traditional markets remained closed.

在周末，這種向下壓力持續了，而傳統市場仍關閉。

The correlation between the SPX and Bitcoin has strengthened in recent months, with Bitcoin’s 30-day rolling Pearson correlation reaching a five-month high of 0.8.

最近幾個月，SPX和比特幣之間的相關性加強了，比特幣的30天滾動皮爾森相關性達到了0.8的五個月高點。

As of press time, Bitcoin has notched in a solid recovery back into six-figure territory to trade at $101,631, based on CryptoSlate data.

截至發稿時，基於隱板數據，比特幣已在六位數的領土上重新恢復到六位數的領土上，以101,631美元的價格交易。

Economic implications of US tariffs

美國關稅的經濟影響

Bitfinex analysts estimate that the tariff increases could reduce S&P 500 earnings by 2.8%, raise core inflation by 0.7%, and lower US GDP by 0.4%.

Bitfinex分析師估計，關稅的增加可能會使標準普爾500指數的收入減少2.8％，將核心通貨膨脹率提高0.7％，並將美國GDP降低0.4％。

The materials and consumer discretionary sectors, particularly companies with North American supply chains, are expected to be most affected.

預計將受到最大影響的材料和消費者酌處部門，特別是擁有北美供應連鎖店的公司。

Despite its macroeconomic sensitivity, Bitcoin has shown resilience in higher timeframes.

儘管具有宏觀經濟的靈敏度，但比特幣在更高的時間範圍內表現出彈性。

While broader risk assets have faced corrections, Bitcoin has maintained structural support levels.

It gained 9.4% in January, while traditional equity markets exhibited a more gradual upward trend.

它在一月份上漲了9.4％，而傳統股票市場則表現出更逐漸的上升趨勢。

Following the Republican victory in the November 2024 elections, Bitcoin and equities diverged.

The S&P 500 initially declined before rebounding to new highs.

標準普爾500指數最初在反彈到新高點之前下降。

Bitcoin, which traded near $67,000 at the time of the election, surged above $100,000 and maintained strength through January.

當選時，比特幣的交易量接近67,000美元，飆升至100,000美元以上，並在一月之前保持實力。

Although Bitcoin has experienced a recent pullback, it has sustained elevated price levels above key historical resistance.

This suggests continued adoption and macro positioning despite short-term volatility.

這表明儘管短期波動率仍然是繼續採用和宏觀定位。