比特幣已經上漲了93,000美元，達到了最高

比特幣已經上漲了93,000美元，自3月下旬以來的市場上最高。

Bitcoin (BTC) has risen past $93,000, touching its highest in the market since late March. The news comes when U.S. equities are being pushed lower, and gold retreats from an all-time high. Analysts now have turned to anticipating that the altcoin could be on the verge of rallying.

比特幣（BTC）上漲了93,000美元，自3月下旬以來的市場上最高。當美國股票被推高時，這一消息傳來了，並從歷史悠久的高處撤退了黃金。分析師現在已轉向預期，山寨幣可能處於集會的邊緣。

Analyst Michaël van de Poppe highlighted that Bitcoin is still ranging and gathering steam while the Ethereum ecosystem contracts continue to rally. Ethereum has seen only a small uptick in price while the DeFı and Layer 2 space has outperformed.

分析師Michaëlvan de Poppe強調，比特幣仍在播放和收集蒸汽，而以太坊生態系統合同繼續集會。以太坊只有很小的價格上漲，而第2層空間的表現優於。

Another analyst, Miles Deutscher, identified two signs that fueled optimism about altcoin. The first of these is the decoupling of Bitcoin from other markets, such as equity markets. While the S&P 500 weakened amidst macros and trade war effects, Bitcoin soared more than 3% on Monday and was over it. The second is a bullish triple bottom pattern in the altcoin market cap view, which is a typical reversal pattern.

另一位分析師Miles Deutscher確定了兩個對Altcoin樂觀的跡象。其中首先是比特幣與其他市場（例如股票市場）的解耦。儘管標準普爾500指數削弱了宏和貿易戰的影響，但比特幣在周一飆升了3％以上，並且已經超過了。第二個是Altcoin Market Cap View中的看漲三重底部模式，這是典型的逆轉模式。

Current crypto market combo:• $BTC de-coupling• Altcoin triple bottomGonna be an interesting next few weeks. 👀 pic.twitter.com/vEKja16emX

當前的加密市場組合：•$ BTC DE耦合•Altcoin Triple Totsgonna在接下來的幾週內成為一個有趣的事情。 👀pic.twitter.com/vekja16emx

However, at the same time, Bitcoin is actively regaining an association with gold, which peaked at $3,500 and is now trading at nearly $3,455. In the past, gold appeared to have played a leading role in signaling an uptrend in BTC, mainly as a safe-haven asset.

但是，與此同時，比特幣正在積極重新獲得與黃金的聯繫，黃金的峰值為3500美元，現在的交易價格接近3,455美元。過去，黃金似乎在向BTC上的上升趨勢（主要是避風港資產）中發揮了領導作用。

Rising Inflows and Stablecoin Growth Signal Fresh Liquidity

流入和Stablecoin增長信號的上升新鮮流動性

The U.S. spot Bitcoin ETFs also revealed institutional buyers’ interest and witnessed their highest daily inflows after 90 days. The flows seem to be linked to expectations around Federal Reserve policy, with Donald Trump reportedly eyeing to sack Jerome Powell.

美國現場比特幣ETF還揭示了機構買家的興趣，並在90天后目睹了他們的每日最高流入。這些流程似乎與對美聯儲政策的期望有關，據報導，唐納德·特朗普（Donald Trump）著眼於薩克·杰羅姆（Jerome Powell）。

The crypto market is also growing in terms of liquidity. Tether stablecoin’s market capitalization has risen by 26% in eight months, while the USDC has risen by nearly 93%. Many analysts see this rise in stablecoin supply as a bullish narrative, which signals that capital is up for the task of funding higher-risk altcoins.

加密市場在流動性方面也在增長。 Tether Stablecoin的市值在八個月內增長了26％，而USDC上升了近93％。許多分析人士認為，穩定供應的這種興起是看漲的敘述，這表明資本是為了資助高風險山寨幣的任務。

Still, doubts remain. According to Matrixport analysts, Ethereum’s dominance is falling once again, thus undermining the season of altcoins. Moreover, the CoinMarketCap of the altcoin season currently stands at 16, which is significantly lower than the 75, which is indicative of an altcoin season.

儘管如此，仍然存在疑問。根據Matrixport分析師的說法，以太坊的統治地位再次下降，從而破壞了Altcoins的季節。此外，Altcoin季節的CoinMarketCap目前為16，明顯低於75，這表明了Altcoin季節。

Bitcoin Still Dominates as Altcoins Struggle to Hold Value

比特幣仍然占主導地位，因為山寨幣難以保持價值

A recently released report by Swan, the Bitcoin-only financial firm, notes that people should not expect altcoins to replicate prior trends. Its study revealed that the majority of the altcoins in the market have always been below 90% in value of the leading coin, Bitcoin, within the next 10 to 20 months of their peak.

僅比特幣金融公司Swan最近發布的一份報告指出，人們不應該期望Altcoins複製先前的趨勢。它的研究表明，在峰值的未來10到20個月內，市場上大多數山寨幣的價值一直低於90％。

His analysis establishes Bitcoin remains the dominant store of value in the crypto market. This has increased from the previous 40% in November 2022, paving the way for more capital to go to Bitcoin than to altcoins.

他的分析確定比特幣仍然是加密貨幣市場中價值的主要存儲。從2022年11月的前40％開始，這已經增加了，這為比特幣的資本舖平了道路。

Some analysts are wondering whether cycles of altcoins will remain in future cycles at all. With growing institutional demand for BTC and better regulatory frameworks being adopted globally, the landscape may have changed permanently to BTC-focused investment flows.

一些分析師想知道，山寨幣的循環是否會完全保留在未來的周期中。隨著對BTC的機構需求不斷增長，並且在全球採用了更好的監管框架中，景觀可能已永久變化為以BTC為重點的投資流。