在美国总统唐纳德·特朗普（Donald Trump）的“不断变化的全球关税）引起的更广泛的市场中，比特币（BTC）市场相当稳定

据纽约数字投资集团（NYDIG）分析师称，尽管传统金融市场上有屠杀，但加密货币市场仍然相对有序。

Crypto markets have been fairly stable amid wider market panic caused by US President Donald Trump’s “on-again, off-again” sweeping global tariffs, according to a New York Digital Investment Group (NYDIG) analyst.

根据纽约数字投资集团（NYDIG）分析师的说法，在美国总统唐纳德·特朗普（Donald Trump）的“不断变化，不断变化”的全球关税引起的更广泛的市场恐慌中，加密货币市场相当稳定。

“Despite the carnage in traditional financial markets, the crypto markets have been relatively orderly,” NYDIG global head of research Greg Cipolaro said in an April 11 note. “Historically, in broad risk-off moves, we tend to see stresses show up in crypto markets. We have yet to see that.”

NYDIG全球研究负责人Greg Cipolaro在4月11日的票据中说：“尽管传统金融市场上的大屠杀还是相对有序的。” “从历史上看，在广泛的风险举动中，我们倾向于看到加密货币市场出现的压力。我们还没有看到这一点。”

Cipolaro said crypto perpetual futures rates have “been persistently positive,” with liquidations spiking on April 6 and 7 in the days after Trump first announced the tariffs on April 2 but only to a total of $480 million, which he added “was well below other notable liquidation events.”

Cipolaro表示，加密永久期货利率“持续了积极”，在特朗普于4月2日首次宣布关税的日子4月6日至7日，清算率飙升，但总计4.8亿美元，他补充说，这远低于其他值得注意的清算活动。”

He noted that the price of Tether (USDT), a US dollar-tracking stablecoin widely used token in crypto trading, was below $1 but had “not experienced a sharp decline.”

他指出，Tether（USDT）的价格是一款以美元跟踪的Stablecoin在加密货币交易中使用的代币的价格，其价格低于1美元，但“没有经历急剧下降”。

Trump unveiled a sweeping tariff regime on April 2 that lumped various levies on every country before pausing them for 90 days just hours after they came into effect on April 5 and instead charging a base tariff of 10%, besides China, which currently has tariffs of up to 145%.

特朗普于4月2日宣布了一个全面的关税政权，该政权在每个国家 /地区都征收各种征税，然后在4月5日生效后仅暂停了90天，而是收取10％的基本关税，除了中国，目前的关税最高可达145％。

Traditional and crypto markets tanked after Trump’s April 2 tariff announcement, and many assets haven’t recovered to the same level as before their unveiling.

在特朗普4月2日的关税宣布之后，传统和加密货币市场迅速下跌，许多资产尚未恢复到与其揭幕之前相同的水平。

Stocks, bonds and foreign exchange volatility rates all rose after Trump’s tariffs announcement. Source: NYDIG

在特朗普的关税宣布之后，股票，债券和外汇波动率都上涨。资料来源：NYDIG

Over the weekend, the Trump administration caused more confusion with its tariffs, saying on April 13 that an April 11 decision to exempt many electronics from tariffs was temporary and they would still be hit with levies.

在周末，特朗普政府对其关税造成了更多的困惑，他于4月13日在4月11日决定将许多电子产品免于关税的决定是暂时的，他们仍然会受到税款的打击。

Bitcoin fares well, declining volatility to make it widely attractive

比特币票价良好，波动性下降以使其广泛吸引人

Cipolaro said that Bitcoin (BTC) didn’t escape the market volatility, “but at current prices has fared far better than many other asset classes.”

Cipolaro说，比特币（BTC）并没有逃脱市场的波动，“但目前的价格远远超过了许多其他资产类别。”

He added that Bitcoin’s volatility hasn’t risen to historic levels, unlike the traditional markets, and “has been relatively stable” despite instability instigated by the Trump administration.

他补充说，与传统市场不同，比特币的波动并没有提高到历史水平，尽管特朗普政府煽动了不稳定，但“相对稳定”。

“Perhaps investors are increasingly searching for stores of value not tied to sovereign countries and thus not affected by the trade turmoil.”

“也许投资者越来越多地寻找与主权国家无关的价值存储，因此不受贸易动荡的影响。”

Bitcoin is down 22.5% from its mid-January peak of over $108,000 and has traded flat over the past 24 hours at $84,730, according to CoinGecko.

根据Coingecko的数据，比特币的峰值下降了22.5％，其1月中旬的峰值超过108,000美元，在过去的24小时内交易，售价为84,730美元。

Cipolaro said the narrowing gap between Bitcoin’s volatility and other assets makes it “increasingly more appealing” to funds with risk parity portfolios — those that use risk to choose asset allocations.

Cipolaro表示，比特币的波动性和其他资产之间的差异使其对风险奇偶校验组合的资金“越来越吸引人”，即那些使用风险选择资产分配的资金。

He added that investors are likely reducing their risk exposure but “perhaps some reallocation of asset mix to Bitcoin is one of the reasons it has been more buoyant.”

他补充说，投资者可能正在降低风险敞口，但“也许对比特币进行资产混合的一些重新分配是它更加浮力的原因之一。”

Related: S&P 500 briefly sees ‘Bitcoin-level’ volatility amid Trump tariff war

相关：标普500在特朗普关税战争中短暂地看到“比特币级”波动

“Risk parity funds allocating to Bitcoin can help dampen its volatility — making the asset more attractive and potentially reinforcing a virtuous cycle of increased adoption and stability,” Cipolaro said.

Cipolaro说：“分配给比特币的风险均衡基金可以帮助抑制其波动性 - 使资产更具吸引力，并有可能增强采用和稳定性的良性循环。”

However, YouHodler chief of markets Ruslan Lienkha told Cointelegraph in an April 12 note that despite a wider market rebound, “technical indicators are painting a concerning picture.”

但是，YouHodler市场负责人Ruslan Lienkha在4月12日的一份指出中告诉Cointelegraph，尽管市场反弹更广泛，“技术指标正在绘画有关图片的绘画。”

He said a “death cross,” when the 50-day moving average crosses below the 200-day moving average, is potentially forming on Bitcoin and the S&P 500.

他说，“死亡十字架”，当50天移动平均线越过200天移动平均线以下时，比特币和标准普尔500指数可能形成。

Lienkha said the pattern is “generally considered a bearish signal for the medium term, suggesting that markets may struggle to sustain upward momentum without a clear catalyst or a stream of positive macroeconomic developments.”

Lienkha说，这种模式“通常被认为是中期的看跌信号，这表明市场可能在没有明确的催化剂或一系列积极的宏观经济发展方面努力维持向上的动力。”