在美國和中國達成臨時貿易協定之後，比特幣（BTC）升至新的歷史最高水平

根據TradingView的數據，比特幣（BTC）在5月21日將新的高點定為109,400美元，在過去一個月中增長了26％以上。

Bitcoin rose to a new all-time high of $109,400 on Monday, May 21, as a temporary trade agreement between the United States and China eased macroeconomic fears and boosted investor confidence, according to crypto market tracker, TradingView.

根據Crypto Market Tracker，由於美國和中國之間的臨時貿易協定緩解了宏觀經濟的擔憂，並增強了投資者的信心，比特幣在5月21日星期一提高了109,400美元的新高點。

The top cryptocurrency set a new record high of $109,400, up more than 26% in the past month. The climb to a record high came nine days after the White House announced a 90-day trade agreement between the US and China on May 12, temporarily slashing import tariffs to 10%.

最高的加密貨幣創造了新的記錄高點109,400美元，在過去一個月中增長了26％以上。 5月12日，白宮宣布美國和中國之間達成90天的貿易協定後，攀升至創紀錄的高高，這是在90天的貿易協定之後的9天，暫時將進口關稅降至10％。

The 90-day tariff suspension and the cooperative tone in negotiations removed the risk of "sudden re-escalation," which had a significant impact on risk appetite among traditional and cryptocurrency investors, said Aurelie Barthere, principal research analyst at crypto intelligence platform Nansen.

Crypto Intelligence Sportment Nansen的主要研究分析師Aurelie Barthere說，談判中的90天關稅暫停和談判中的合作基調消除了“突然重新升級”的風險，這對傳統和加密貨幣投資者的風險食慾產生了重大影響。

US President Donald Trump's reciprocal tariffs were seen as the biggest macroeconomic threat to traditional equities and cryptocurrency markets in 2025.

美國總統唐納德·特朗普（Donald Trump）的互惠關稅被視為2025年對傳統股票和加密貨幣市場的最大宏觀經濟威脅。

Bitcoin fell to a year-to-date low of $74,434 on Friday, April 7, five days after Trump announced his reciprocal import tariffs on April 2, sending shockwaves across global markets, with the S&P 500 losing more than $5 trillion in value, its largest drop to date.

比特幣在4月7日（星期五）宣布他在4月2日宣布互惠進口關稅的五天后，降至年初低點74,434美元，在全球市場上發動了衝擊波，標準普爾500指數損失了500萬美元以上的價值，迄今為止最大的下降。

Bitcoin started its recovery on Sunday, April 9, after Trump's Liberation Day marked the "climax of uncertainty" for market participants, said Michaël van de Poppe, founder of MN Consultancy.

MN Consultancy的創始人MichaëlVande Poppe表示，在特朗普的解放日為市場參與者的“不確定性高潮”之後，比特幣在4月9日星期日開始恢復。

Bitcoin entered May with 'near-flawless setup'

比特幣進入可能的“幾乎無毛設置”

Bitcoin kicked off May with a "near-flawless setup, catalyzed by a rare alignment of geopolitical de-escalation, improving regulatory optics and macroeconomic tailwinds," said Jag Kooner, head of derivatives at Bitfinex exchange.

BitFinex Exchange的衍生物負責人Jag Kooner說，比特幣啟動了5月的“幾乎沒有毛動的設置，這是由於罕見的地緣政治降級降級，改善了監管光學和宏觀經濟的尾風。”

"The Russia–Ukraine ceasefire talks have defused one of the primary geopolitical volatility engines of the past two years," Kooner said.

庫納說：“俄羅斯 - 烏克蘭停火談判融合了過去兩年中主要的地緣政治波動引擎之一。”

The capital rotation reflects a "maturing narrative" as "Bitcoin is no longer just a fear hedge — it’s increasingly a high-conviction risk asset in periods of macro stability," Kooner said.

Kooner說，“比特幣不再僅僅是恐懼對沖，資本輪換反映了“成熟的敘述”，而在宏觀穩定時期，它越來越多地是一個高罪分的風險資產。”

Russia and Ukraine "will immediately start negotiations towards a Ceasefire and, more importantly, an END to the War," Trump said in a May 19 X post, summarizing his two-hour call with Russian President Vladimir Putin.

特朗普在5月19日的職位上說，俄羅斯和烏克蘭“將立即開始就停火開始談判，更重要的是要結束戰爭。”

Still, funding rates need to remain neutral and open interest stable for a "consecutive setup" that may ignite a Bitcoin rally to above $114,000 to $120,000, which may be catalyzed by any "macro or regulatory spark," Kooner said.

儘管如此，對於“連續的設置”，資金率仍需要保持中性和開放利息穩定，該設置可能會將比特幣集會點燃至114,000美元至120,000美元以上，這可能會被任何“宏觀或監管火花”催化。

Other analysts have predicted a Bitcoin rally to above $130,000 before the end of 2025, based on BTC's close correlation with the global money supply.

基於BTC與全球貨幣供應的密切相關，其他分析師預測，在2025年底之前，比特幣集會將在2025年底之前的$ 130,000。

The increasing money supply may push Bitcoin's price above $132,000 before the end of the year, as investor demand is driven by the growing fiat money debasement, predicted Jamie Coutts, chief crypto analyst at Real Vision.

貨幣供應量的增加可能會在年底之前將比特幣的價格提高到132,000美元以上，因為投資者的需求是由菲亞特貨幣貶低的日益增長的驅動的，預測真實視覺的首席加密分析師Jamie Coutts。