比特幣（BTC）的價格飆升至96,446美元，以強勁的機構購買現貨比特幣交易所交易基金（ETF）。

加密分析師預計，即使聯邦公開市場委員會（FOMC）在本週的會議上保持不變的利率，比特幣將飆升至100,000美元。

Cryptocurrency analysts are expecting Bitcoin to soar to US$100,000 even if the Federal Open Market Committee (FOMC) keeps interest rates unchanged at its meeting this week, based on strong institutional buying of spot Bitcoin exchange-traded funds (ETFs).

加密貨幣分析師預計，即使聯邦公開市場委員會（FOMC）在本週的會議上保持利率不變，基於對現貨比特幣交易所交易基金（ETFS）的強勁購買，比特幣將飆升至100,000美元。

The FOMC interest rate decision this week could define the outlook for risk-on assets, including cryptocurrencies. Bitcoin, the world’s most traded cryptocurrency, rose 2.2% to $96,446 on Wednesday on higher risk appetite after the US and China said some trade dialogue is slated for later this week.

FOMC本週的利率決策可以定義風險資產的前景，包括加密貨幣。比特幣是全球交易最多的加密貨幣，在美國和中國表示，本週晚些時候進行了一些貿易對話後，週三的風險偏好增長了2.2％，至96,446美元。

Most investors are expecting the Fed to keep interest rates unchanged, said investment advisor at Merkle Capital Woramet Chansen. A rate cut would be positive for investment in risk assets, including cryptocurrencies.

Merkle Capital Woramet Chansen的投資顧問說，大多數投資者都希望美聯儲保持利率不變。降低利率對包括加密貨幣在內的風險資產的投資是積極的。

The Arizona legislature recently approved two Republican-led bills that would allow the state to invest up to 10% of its public funds, potentially more than $3 billion, into digital assets such as Bitcoin.

亞利桑那州立法機關最近批准了兩項由共和黨領導的法案，這些法案將使該州最多投資其公共資金的10％，可能超過30億美元，以將其投資於比特幣等數字資產上。

If the bills are signed into law, Arizona would become the first US state to establish a state-level Bitcoin reserve, aligning with US President Donald Trump’s proposal for a national “strategic crypto reserve”.

如果將賬單簽署為法律，亞利桑那州將成為第一個建立州級比特幣保護區的州，與美國總統唐納德·特朗普（Donald Trump）對國家“戰略加密保護區”的提議保持一致。

The move to adopt Bitcoin as a reserve asset by Arizona attracted increased institutional investment into spot Bitcoin ETFs, driving prices higher.

採用比特幣作為亞利桑那州的儲備資產的舉動吸引了對現貨比特幣ETF的機構投資的增加，從而使價格提高。

“Even if the Fed does not cut interest rates this time, there is still a chance the price of Bitcoin will continue rising towards the $100,000 target in the third quarter. Economists still expect the Fed to cut interest rates 3-4 times this year,” said Mr Woramet.

沃姆特先生說：“即使美聯儲這次沒有降低利率，比特幣的價格仍然有可能在第三季度繼續朝著100,000美元的目標上漲。經濟學家仍期望美聯儲今年將利率降低3-4倍。”

He said there are two key risk factors to watch, including a potential US recession, which can be tracked through employment data and GDP growth figures. Another factor is the outcome of Trump’s tax policy after the 90-day grace period ends because these tariffs would disrupt global markets, said Mr Woramet.

他說，有兩個關鍵的危險因素值得關注，包括潛在的美國衰退，可以通過就業數據和GDP增長數據來跟踪。 Woramet先生說，在90天的寬限期結束後，特朗普稅收政策的結果是因為這些關稅會破壞全球市場。

According to Chief Investment Officer at Cryptomind Advisory Co Ltd Peerapat Hankongkaew, another critical issue is the upcoming large-scale rollover of US Treasury debts in June.

Cryptomind Advisory Co Ltd Peerapat Hankongkaew首席投資官的另一個關鍵問題是，即將在6月對美國財政部債務的大規模債務。

If the government can successfully roll over a large portion of the debt, it would help keep the economy running smoothly. However, if the rollover is limited or if defaults increase, it would signal a contraction in market liquidity, said Mr Peerapat.

如果政府能夠成功地捲起大部分債務，那將有助於使經濟順利進行。但是，如果轉盤有限或違約增加，這將表明市場流動性的收縮。

“Meanwhile, traders are becoming less confident that the Fed will ease monetary policy. While this might seem bearish for risk assets, it could prompt the US Treasury to inject liquidity into the markets to maintain fiscal support and government spending,” said Mr Peerapat.

Peerapat先生說：“與此同時，交易者對美聯儲將減輕貨幣政策的信心。儘管這似乎對風險資產看跌，但它可能會促使美國財政部向市場注入流動性，以維持財政支持和政府支出。”