在過去的24小時內，比特幣（BTC）的價格上漲了4％以上，超過了先前的心理上限約109,353美元，並在5月11日星期三的北美貿易會議上，創下了創紀錄的新歷史最高高點，約為109,864美元。

比特幣的市值超過了2.17萬億美元，因此超過了亞馬遜和Google成為世界上第五大資產。

Bitcoin (BTC) price rallied over 4 percent in the past 24 hours to surpass a previous psychological ceiling of about $109,353 and reach a record new all-time high of around $109,864 on Wednesday, May 11 during the mid North American trading session. Bitcoin’s market cap surpassed $2.17 trillion, thus overtaking Amazon and Google to become the 5th biggest asset in the world.

在過去的24小時內，比特幣（BTC）的價格上漲了4％以上，超過了先前的心理上限約109,353美元，並在5月11日星期三的北美貿易會議上，創下了創紀錄的新歷史最高高點，約為109,864美元。比特幣的市值超過了2.17萬億美元，因此超過了亞馬遜和Google成為世界上第五大資產。

The wider altcoin market followed in tandem, thus the total crypto market cap rising to around $3.57 trillion. Consequently, around $400 million was rekt from the crypto leveraged, mostly involving short traders.

隨後，更廣泛的山寨幣市場串聯，因此加密市值的總上限升至3.57萬億美元。因此，從加密貨幣的槓桿率中，大約有4億美元的資金是涉及短交易者。

Major Forces Behind Bitcoin Pump Today

今天的比特幣泵背後的主要力量

Debt Crisis in the United States

美國的債務危機

As the tariff war eases, investors’ concerns have shifted to the high U.S. debt amid anticipated stagflation. Earlier this week, Jamie Dimon, CEO of JPMorgan, highlighted that the $36 trillion U.S. debt, which is 122 percent of the country’s GDP, is a major concern.

隨著關稅戰爭的緩解，由於預計會陷入困境，投資者的擔憂已轉移到美國的高債務。本週早些時候，摩根大通（JPMorgan）首席執行官傑米·戴蒙（Jamie Dimon）強調，美國GDP的122％的36萬億美元債務是一個主要問題。

Meanwhile, the Fed recently repurchased more than $43 billion in U.S. treasuries, thus quietly returning to quantitative easing (QE). On Wednesday, the 20-year U.S. Treasury yield climbed 5.104 percent, the highest level since November 2023.

同時，美聯儲最近在美國國債中回購了超過430億美元，因此悄悄返回了定量寬鬆（QE）。週三，美國20年的美國財政收益率上升了5.104％，是2023年11月以來的最高水平。

As a result, Robert Kiyosaki, a financial educator, noted that the U.S. dollar will continue to weaken and push BTC price and Gold higher in the near term.

結果，金融教育家羅伯特·基約薩基（Robert Kiyosaki）指出，美元將繼續削弱和推動BTC的價格和黃金在短期內提高。

Crypto Regulatory Clarity in the U.S.

美國加密監管清晰度

On Wednesday, the U.S. Senate advanced the GENIUS Act on stablecoins with the needed threshold of 60 votes. The bill now faces possible amendments, which could set the stage for enactment by August.

週三，美國參議院提出了《穩定法》的《天才法》，其必需的門檻為60票。該法案現在面臨可能的修正案，這可能在八月之前為頒布奠定了基礎。

The notable advancement of crypto regulations in the United States will help in the mainstream adoption of digital assets, particularly by institutional investors.

美國加密法規的顯著進步將有助於主流採用數字資產，特別是機構投資者。

Stablecoin legislation is about to pass the Senate, and Bitcoin just hit a new all time high.

Stablecoin立法即將通過參議院，而比特幣只是一直以來都有新的。

Rising Demand from Institutional Investors

機構投資者的需求增加

The overall demand for Bitcoin by institutional investors, led by the U.S. spot BTC ETF issuers and Strategy, has significantly increased in the past month. Consequently, the overall BTC supply on centralized exchanges dropped to a multi-year low, which ultimately fueled the bullish sentiments.

在過去的一個月中，由美國現貨BTC ETF發行人和戰略領導的機構投資者對比特幣的總體需求已大大增加。因此，集中式交易所的總體BTC供應量下降到多年低點，最終助長了看漲的情緒。

Technical Tailwinds

技術風風

Bitcoin price has gradually followed Gold price, amid the rising global money supply, in the recent past.

在最近的全球貨幣供應中，比特幣價格逐漸遵循黃金價格。

I think it is wonderful Bitcoin is making ATHs. I am long.I actually think ATHs is not technically significantBull markets make ATHs all the time. It is the definition of a bull marketOn track maybe for top of $125,000 to $150,000 by end of August???? (Hey trolls, note the… pic.twitter.com/8PDatXYGP2

我認為這是很棒的比特幣正在製作ATHS。我很長。我實際上認為ATHS並不是技術上重要的市場，一直使Aths成為ATHS。到8月底，這是公牛市場軌道的定義，可能是125,000美元至150,000美元？ ？ ？ ？ （嘿巨魔，請注意…pic.twitter.com/8pdatxygp2

From a technical analysis standpoint, BTC price is well positioned to sustain its bullish momentum in the coming days and weeks, catalyzed by institutional and retail FOMO.

從技術分析的角度來看，BTC的價格在未來幾天和幾週內得到了良好的位置，並由機構和零售FOMO催化。