比特币（BTC）价格超过$ 90,000，提升加密相关的股票

输入：与加密相关的股票周二飙升，骑车越来越多的加密集会的势头，该集会的势头已重新点燃了超过90,000美元以上的比特币（BTC）的数字资产的风险食欲。

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.

周二，与加密相关的股票激增，受到了更广泛的加密集会的鼓舞，该集会的越野币（BTC）交叉超过90,000美元，在数字资产中重新燃起风险食欲。

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

策略（MSTR）在会议期间股票增长了8％，而加密交易所Coinbase（Coin）的股价上涨了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.

领先的举动是比特币矿工，其中许多人发布了两位数的增长，超过了BTC的5％进步。 Bitdeer Technologies（BTDR）集结了约20％，而Bitfarms（BitF），CleanSpark（CLSK），Cipher Mining（CIFR），Mara Holdings（Mara）和Riot Platforms（Riot）（Riot）在会议期间飙升了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.

同时，更广泛的股票市场也从昨天的下降中反弹，纳斯达克和500指数分别上涨了2％和1.7％。 Tradfi市场的集会是随着美国 - 中国关税张力的潜在降级的报道提高了投资者的情绪。

Miners and tariff risks

矿工和关税风险

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.

采矿股票的反弹是在表现不佳的几个月后，压缩利润率，哈希拉特竞赛的上升和关税引起的困难降低了，所有这些都与风险资产的市场疲软相结合。大多数（即使不是全部）公开交易的矿工仍在靠近多个月低点的交易。

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.

对于美国的采矿业务而言，特朗普政府的关税政策有可能使ASIC（用于开采比特币的机器）的进口价格要昂贵得多。这意味着，美国的采矿业务可能会以较慢的速度增长，甚至完全停止增长。

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.

矿业硬件提供商Synteq Digital的联合创始人兼首席执行官Taras Kulyk最近对Coindesk表示，关税“将对美国的未来支出和资本支出产生重大影响”。

“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辖区将被追捕到新红外线和资本支出部署的目标。尤其是加拿大，可能是对白宫实施全球关税政权实施的恩人。”

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.

相关的是，Bitdeer的表现较高的原因之一可能是因为该公司正在开发自己的ASIC制造业务，并且最近决定建立其自矿力能力，而不是在较慢的市场中出售其钻机。 Stablecoin Giant Tether也一直在购买BTDR股票；截至上周四，该公司已向Bitdeer投资了3200万美元。

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，大多数矿工股票自12月以来一直处于下降趋势之中，早在白宫公布其新的关税政策之前。现在，随着BTC的攀升至关键技术水平，流动性流回太空，矿工可能正在竞标BID作为BTC上涨空间的杠杆代理。

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.

无论今天的表现如何，关税将继续在矿工和大多数与加密相关的股票以及其他风险资产中发挥关键作用。随着收入季节的开始，所有人都将关注首席执行官有关关税情况将如何改变公司前景的评论。值得注意的是，埃隆·马斯克（Elon Musk）的特斯拉（Elon Musk）的特斯拉（Tesla）也将在其财政部中拥有比特币，它将在周二举报其收益后市场，有可能对交易者在贸易战中应如何定价的洞察力有所了解。