比特幣已經達到了新的歷史最高水平，超過了110,000美元的大關

比特幣已經達到了新的歷史最高水平，首次超過了110,000美元的成績。截至發稿時，世界上最大的加密貨幣的交易價格為110,032.39美元

Bitcoin price surged past the $110,000 mark to reach a new all-time high on Thursday. As of press time, the world’s largest cryptocurrency was trading at $110,032.39, up 3.46% in the past 24 hours. This new peak eclipses the previous all-time high of $108,099, set on January 20, 2025.

比特幣的價格飆升了110,000美元的成績，以達到週四的新歷史最高水平。截至發稿時，世界上最大的加密貨幣的交易價格為110,032.39美元，在過去24小時內增長了3.46％。這個新的山峰黯然失色，這是2025年1月20日設定的以前的108,099美元。

Bitcoin had first crossed the symbolic $100,000 threshold in December 2024 following US President Donald Trump’s reelection, a moment that catalyzed renewed interest in digital assets.

在美國總統唐納德·特朗普（Donald Trump）連任之後，比特幣在2024年12月首次跨越了象徵性的100,000美元門檻，這一時刻激發了人們對數字資產的新興趣。

Bitcoin’s ascent marks a significant turning point in its evolution from a volatile retail speculation vehicle to a recognized component of global investment portfolios.

比特幣的上升標誌著其從波動性零售投機工具到全球投資組合的公認組成部分的發展。

“Investor sentiment has shifted decisively,” said Valentin Fournier, lead analyst at BRN. “What we’re seeing now are institutional-style allocations and a strong embrace of Bitcoin as a strategic asset.”

BRN的首席分析師瓦倫丁·富尼爾（Valentin Fournier）說：“投資者的情緒果斷地轉移了。” “我們現在看到的是機構式的分配和對比特幣作為戰略資產的強烈擁抱。”

ETF Inflows, Treasury Adoption Fuel Rally

ETF流入，庫雷採用燃料集會

The surge has been fueled in part by strong inflows into U.S.-listed Bitcoin ETFs, with recent data from SoSoValue indicating $6.4 billion in net inflows over the past four weeks, underscores deepening institutional participation. Bitcoin’s total market capitalization now stands at an eye-popping $2.17 trillion, placing it firmly among the largest and most liquid assets globally.

激增的一部分是由於進入美國上市的比特幣ETF的大量流入，而來自Sosovalue的最新數據表明，在過去的四個星期中，淨流入量為64億美元，這強調了機構參與的加深。比特幣的總市值現在高達2.17萬億美元，將其牢固地置於全球最大，最大的流動資產之列。

Further bolstering the rally is a wave of corporate treasury activity, with a new cohort of companies following in the footsteps of Strategy (formerly MicroStrategy). In May alone, firms like Twenty One by Tether, David Bailey’s Nakamoto and KindlyMD, Strive by Vivek Ramaswamy, Méliuz by Israel Salmen, and Nuvve by Gregory Poilasne announced substantial Bitcoin acquisitions. Established players such as Strategy, Marathon Digital (MARA), and MetaPlanet have also continued to expand their holdings, often using leverage.

進一步加強集會是公司財政部活動的一波，其中一系列新公司追隨戰略的腳步（以前是MicroStrategy）。僅在5月，戴維·貝利（David Bailey）的中村（David Bailey）的中村（Nakamoto）和善良的公司（Vivek Ramaswamy），以色列薩爾門（Israel Salmen）和格雷戈里·索拉斯（Gregory Poilasne）宣布了大量的比特幣採購。諸如戰略，馬拉松數字（MARA）和Metaplanet之類的成熟參與者也繼續擴大其持股，通常使用槓桿作用。

Bitcoin is now up approximately 25% month-to-date.

現在，比特幣高約25％。

Macro Backdrop Contrasts With Rocky Equities

宏觀背景與岩石股票形成鮮明對比

Bitcoin’s record-setting run comes amid a contrasting picture in traditional equity markets. The S&P 500 snapped its recent win streak, closing Wednesday down 1.61% at 5,844.61. The Dow Jones Industrial Average fell 816.80 points, or 1.91%, to 41,860.44, while the Nasdaq Composite lost 1.41%, ending at 18,872.64.

在傳統股票市場中，比特幣的記錄創作跑步是出現的。標準普爾500標準普爾（S＆P 500）搶購了最近的連勝紀錄，週三結束了1.61％，至5,844.61。道瓊斯工業平均水平下降了816.80點，即1.91％，至41,860.44，而納斯達克綜合綜合率下降了1.41％，結束時為18,872.64。

Equity markets were pressured by a sharp rise in long-term Treasury yields. The 30-year bond yield surged to 5.09%, its highest level since October 2023. The 10-year Treasury note yield also rose, hitting 4.59%.

長期財政收益率急劇上升，股票市場受到壓力。 30年的債券收益率飆升至5.09％，是2023年10月以來的最高水平。十年期財政部收益率也增加了4.59％。

The spike came amid concerns that a new U.S. budget bill, expected to pass ahead of Speaker Mike Johnson’s Memorial Day deadline, could further balloon the nation’s deficit. A poorly received 20-year bond auction only added to investor anxiety about America’s long-term fiscal health.

這一尖峰是因為擔心的是，一項新的美國預算賬單預計將在發言人邁克·約翰遜（Mike Johnson）的陣亡將士紀念日截止日期之前通過，這可能會進一步激怒美國的赤字。收到的20年債券拍賣只會增加投資者對美國長期財政健康的焦慮。

In contrast, Bitcoin appears to be benefitting from this uncertainty. Investors are increasingly turning to it as a store of value and a hedge against both monetary debasement and geopolitical instability.

相反，比特幣似乎從這種不確定性中受益。投資者越來越多地將其作為價值存儲和對沖貨幣貶低和地緣政治不穩定的對沖。

Easing trade tensions between the U.S. and China have also helped lift overall risk sentiment, further supporting risk-on assets like Bitcoin.

美國和中國之間的緩解貿易緊張局勢也有助於提高整體風險情緒，進一步支持像比特幣這樣的風險資產。