比特幣將歷史最高高於109,000美元的新歷史高處粉碎，激發了投資者的熱情。

這個前所未有的山峰標誌著地緣政治不確定性的勝利，揭示了加密貨幣在快速變化的金融世界中的彈性和吸引力的日益增強。

The cryptocurrency market has been making headlines recently, with Bitcoin (BTC) smashing a new all-time high (ATH) of over $109,000. This unprecedented peak showcases the triumph of crypto over geopolitical headwinds, highlighting its increasing resilience and attractiveness in a rapidly changing financial world.

加密貨幣市場最近成為頭條新聞，比特幣（BTC）粉碎了新的歷史最高（ATH）超過109,000美元。這個前所未有的峰值展示了加密貨幣勝過地緣政治逆風的勝利，強調了其在迅速變化的金融世界中的韌性和吸引力的日益增強。

A US-China trade deal that propels bitcoin

一項推動比特幣的美中貿易協議

On May 12, the White House formalized a 90-day trade agreement with China, temporarily lowering tariffs to 10%. This measure eased concerns related to a trade conflict that could trigger a global recession. The impact on Bitcoin was immediate, with a rise of more than 26% in one month, to an ATH of $109,400 on May 21, 2025.

5月12日，白宮正式與中國達成了一項為期90天的貿易協定，暫時將關稅降至10％。這項措施緩解了與可能引發全球衰退的貿易衝突有關的問題。對比特幣的影響是立即的，一個月內增長了26％以上，達到2025年5月21日的109,400美元。

This easing of tensions propelled BTC and restored risk appetite, both in traditional markets and the crypto universe. Previously, rising tensions had caused bitcoin to plunge to $74,434 in early April, illustrating the asset’s strong sensitivity to macroeconomic shocks.

在傳統市場和加密宇宙中，這種緊張局勢緩解了BTC並恢復了風險食慾。以前，不斷上升的緊張局勢使比特幣在4月初跌至74,434美元，這說明了資產對宏觀經濟衝擊的強烈敏感性。

Bitcoin: from safe haven to mature risk asset

比特幣：從避風港到成熟的風險資產

Bitcoin now exceeds its traditional role as a safe haven amid uncertainty. The improving geopolitical climate, notably with ceasefire negotiations between Russia and Ukraine, has transformed its place in investment portfolios.

現在，由於不確定性，比特幣超出了其作為避風港的傳統作用。地緣政治氣候的改善，特別是隨著俄羅斯和烏克蘭之間的停火談判，它改變了其在投資組合中的地位。

Bitcoin is now seen as a clear risk asset with the following characteristics:

現在，比特幣被視為具有以下特徵的明顯風險資產：

This evolution of BTC reflects the growing maturity of the crypto market.

BTC的這種發展反映了加密市場的成熟度的日益增長。

An explosive week for BTC

BTC的爆炸週

Despite a slight pullback to $108,500 currently, bitcoin is still well on track to surpass $110,000 this week, given it is only Wednesday. This rise is supported by sustained demand and a favorable economic environment, strengthening investor confidence. Analysts remain optimistic, forecasting the bullish trend to continue with targets between $114,000 and $130,000 by the end of 2025.

儘管目前有輕微的回調至108,500美元，但由於僅是星期三，比特幣在本週仍然有望超過110,000美元。持續需求和有利的經濟環境支持了這一崛起，增強了投資者的信心。分析師仍然樂觀，預測看漲的趨勢將在2025年底之前繼續以114,000美元至130,000美元的目標。

This anticipation notably relies on the correlation with global money supply growth (M2). Also on the growing interest in BTC, viewed as a shield against fiat currency depreciation.

這種預期特別依賴於與全球貨幣供應增長（M2）的相關性。同樣在對BTC的日益增長的興趣上，被視為反對法定貨幣貶值的盾牌。

Bitcoin thus explodes by surpassing a new all-time record at $109,000, confirming its meteoric rise. This peak symbolizes a powerful momentum that is redefining the financial landscape. Yet, this surge raises the question: does this new peak signal a sustainable future or a bubble about to burst? The critical week for BTC is far from over.

因此，比特幣通過以109,000美元的價格超過了新的歷史記錄來爆炸，證實了它的迅速崛起。這個峰象徵著重新定義金融景觀的強大動力。然而，這種激增提出了一個問題：這個新的山峰是否表明了可持續的未來還是即將破裂的泡沫？ BTC的關鍵週還遠遠沒有結束。

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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

世界正在發展，適應是在這個起伏的宇宙中生存的最佳武器。我最初是加密社區經理，我對與區塊鍊及其衍生物直接或間接相關的任何事物感興趣。為了分享我的經驗並促進我熱衷的領域，沒有什麼比撰寫內容豐富且放鬆的文章更好。