比特幣（BTC）價格超過$ 90,000，提升加密相關的股票

輸入：與加密相關的股票週二飆升，騎車越來越多的加密集會的勢頭，該集會的勢頭已重新點燃了超過90,000美元以上的比特幣（BTC）的數字資產的風險食慾。

Crypto-related stocks surged on Tuesday, buoyed by a broader crypto rally that has seen bitcoin (BTC) cross above $90,000, rekindling risk appetite across digital assets.

週二，與加密相關的股票激增，受到了更廣泛的加密集會的鼓舞，該集會的越野幣（BTC）交叉超過90,000美元，在數字資產中重新燃起風險食慾。

Strategy (MSTR) shares rose 8% during the session, while crypto exchange Coinbase (COIN) saw its stock price climb 7%.

策略（MSTR）在會議期間股票增長了8％，而加密交易所Coinbase（Coin）的股價上漲了7％。

Leading the move higher were bitcoin miners, many of them posting double-digit gains, outpacing BTC's 5% advance. Bitdeer Technologies (BTDR) rallied some 20%, while Bitfarms (BITF), CleanSpark (CLSK), Cipher Mining (CIFR), MARA Holdings (MARA), and Riot Platforms (RIOT) soared between 10% and 15% during the session.

領先的舉動是比特幣礦工，其中許多人發布了兩位數的增長，超過了BTC的5％進步。 Bitdeer Technologies（BTDR）集結了約20％，而Bitfarms（BitF），CleanSpark（CLSK），Cipher Mining（CIFR），Mara Holdings（Mara）和Riot Platforms（Riot）（Riot）在會議期間飆升了10％至15％。

Meanwhile, the broader stock market also rebounded from yesterday's decline, with the Nasdaq and S&P 500 up 2% and 1.7%, respectively. The rally in the TradFi market came as reports of potential de-escalation of U.S.-China tariff tension lifted investor sentiment.

同時，更廣泛的股票市場也從昨天的下降中反彈，納斯達克和500指數分別上漲了2％和1.7％。 Tradfi市場的集會是隨著美國 - 中國關稅張力的潛在降級的報導提高了投資者的情緒。

Miners and tariff risks

礦工和關稅風險

The bounce in mining stocks comes after months of underperformance, weighed down by compressed margins, rising hashrate competition, and tariff-induced difficulties, all of which are combined with broader market weakness for risk assets. Most, if not all, publicly traded miners are still trading near multi-month lows.

採礦股票的反彈是在表現不佳的幾個月後，壓縮利潤率，哈希拉特競賽的上升和關稅引起的困難降低了，所有這些都與風險資產的市場疲軟相結合。大多數（即使不是全部）公開交易的礦工仍在靠近多個月低點的交易。

At issue for U.S.-based mining operations is the Trump administration's tariff policy, which threatens to make ASICs (the machines used to mine bitcoin) much more expensive to import. That means that mining operations in the U.S. will probably grow at a much slower rate or even stop growing altogether.

對於美國的採礦業務而言，特朗普政府的關稅政策有可能使ASIC（用於開採比特幣的機器）的進口價格要昂貴得多。這意味著，美國的採礦業務可能會以較慢的速度增長，甚至完全停止增長。

The tariffs “will materially affect future spending and CapEx in the U.S.,” Taras Kulyk, co-founder and CEO of mining hardware provider Synteq Digital, told CoinDesk recently.

礦業硬件提供商Synteq Digital的聯合創始人兼首席執行官Taras Kulyk最近對Coindesk表示，關稅“將對美國的未來支出和資本支出產生重大影響”。

“Other jurisdictions that had previously looked higher cost [will] become sought after targets for new infra and capex deployment. Canada in particular, will likely be a benefactor to the implementation of the global tariff regime that’s been put in place by the White House.”

“其他以前看上去更高成本的司法管轄區將被追捕到新紅外線和資本支出部署的目標。尤其是加拿大，可能是對白宮實施全球關稅政權實施的恩人。”

Relatedly, one of the reasons behind Bitdeer’s outperformance may be because the company is developing its own ASIC manufacturing business and recently took the decision to build out its self-mining capacities instead of selling its rigs in a slower market. Stablecoin giant Tether has also been on a buying spree of BTDR shares; as of last Thursday, the company had invested $32 million in Bitdeer.

相關的是，Bitdeer的表現較高的原因之一可能是因為該公司正在開發自己的ASIC製造業務，並且最近決定建立其自礦力能力，而不是在較慢的市場中出售其鑽機。 Stablecoin Giant Tether也一直在購買BTDR股票；截至上週四，該公司已向Bitdeer投資了3200萬美元。

Even so, most miner stocks have been on the downtrend since December, long before the White House unveiled its new tariff policy. Now, with BTC climbing above key technical levels and liquidity flowing back into the space, miners are probably catching a bid as a leveraged proxy for BTC's upside.

即便如此，大多數礦工股票自12月以來一直處於下降趨勢之中，早在白宮公佈其新的關稅政策之前。現在，隨著BTC的攀升至關鍵技術水平，流動性流回太空，礦工可能正在競標BID作為BTC上漲空間的槓桿代理。

Regardless of the outperformance today, tariffs will continue to play a key role in miners and most crypto-related stocks, along with other risk assets. With earnings season starting soon, all eyes will be on comments from CEOs about how the tariff situation will change the corporate outlook. Notably, Elon Musk's Tesla, which also holds bitcoin in its treasury, will report its earnings post-market on Tuesday, potentially providing some insight into how traders should price in the trade war uncertainties.

無論今天的表現如何，關稅將繼續在礦工和大多數與加密相關的股票以及其他風險資產中發揮關鍵作用。隨著收入季節的開始，所有人都將關注首席執行官有關關稅情況將如何改變公司前景的評論。值得注意的是，埃隆·馬斯克（Elon Musk）的特斯拉（Elon Musk）的特斯拉（Tesla）也將在其財政部中擁有比特幣，它將在周二舉報其收益後市場，有可能對交易者在貿易戰中應如何定價的洞察力有所了解。