尽管比特币（BTC）在2月3日的每日低点达到91,341.25美元，这是由于唐纳德·特朗普总统对关税的评论，BTC仍然在结构上保持强劲

比特币在今年年初猛增，一月份获得了10％以上，并在1月20日达到109,590美元的历史最高点，与特朗普的就职典礼相吻合。

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.

根据“ Bitfinex Alpha”的最新版本，比特币（BTC）的价格行动在很大程度上反映了美国股票的响应。

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.

在今年年初激增后，BTC在宣布从加拿大，墨西哥和中国对商品的关税宣布后，最近经历了最近的回调。

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.

在唐纳德·特朗普（Donald Trump）对关税的评论之后，2月3日，比特币价格下跌至2月3日的每日低点91,341.25美元。但是，该报告称，旗舰加密资产在结构上仍然很强。

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.

比特币始于一年，一月份的增长超过10％，在1月20日达到109,590美元的历史最高点，与特朗普的就职典礼相吻合。

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

但是，这次集会是短暂的，比特币在2月初进入下降趋势之前，以102,470美元的价格关闭。

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

自11月中旬以来，比特币的交易范围在15％的范围内，形成了两个峰值接近108,000美元。

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.

根据该报告，历史模式表明，这种范围通常在80天到90天内解决，这表明在接下来的几周内有决定性的行动。

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

比特币价格与美国关税公告相比，比特币的价格下降了比标准普尔500指数（SPX）的较高下​​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，美国宣布从加拿大和墨西哥进口的进口税率增加了25％，来自中国的商品增加了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.

由于投资者评估了对公司收入和经济稳定的潜在影响，因此SPX的反应是下跌0.5％，收于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，比特币跌至91,657美元，反映了其作为尾风资产的地位。在1月31日达到106,040美元的盘中高点之后，它在接下来的几天内急剧下降。

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

在周末，这种向下压力持续了，而传统市场仍关闭。

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.

最近几个月，SPX和比特币之间的相关性加强了，比特币的30天滚动皮尔森相关性达到了0.8的五个月高点。

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.

截至发稿时，基于隐板数据，比特币已在六位数的领土上重新恢复到六位数的领土上，以101,631美元的价格交易。

Economic implications of US tariffs

美国关税的经济影响

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分析师估计，关税的增加可能会使标准普尔500指数的收入减少2.8％，将核心通货膨胀率提高0.7％，并将美国GDP降低0.4％。

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

预计将受到最大影响的材料和消费者酌处部门，特别是拥有北美供应连锁店的公司。

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

尽管具有宏观经济的灵敏度，但比特币在更高的时间范围内表现出弹性。

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

尽管更广泛的风险资产已面临更正，但比特币仍保持了结构性支持水平。

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

它在一月份上涨了9.4％，而传统股票市场则表现出更逐渐的上升趋势。

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

在2024年11月的选举中共和党胜利之后，比特币和股票分歧。

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

标准普尔500指数最初在反弹到新高点之前下降。

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

当选时，比特币的交易量接近67,000美元，飙升至100,000美元以上，并在一月之前保持实力。

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

尽管比特币最近经历了最近的回调，但其价格持续高于关键历史阻力。

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

这表明尽管短期波动率仍然是继续采用和宏观定位。