加密貨幣將其集會延長到本週結束，比特幣保持穩定高於100,00美元的水平，而以太幣則是自2021年以來最好的一周。

據COIN指標稱，比特幣的價格上漲了近2％，至103,144.27美元。早些時候，它上漲了高達104,324.65美元，這是自1月31日以來的最高水平。本週，比特幣連續第四個積極的一周增長了6％，並且在11月以來的第四周贏得了比賽。

Cryptocurrencies extended their rally to end the week, with bitcoin holding steady above the $100,000 level while ether rallied to its best week since 2021.

加密貨幣將其集會延長到本週結束，比特幣保持穩定在100,000美元的水平上，而Ether升至自2021年以來最好的一周。

The price of bitcoin was higher by nearly 2% at $103,144.27 on Friday, according to Coin Metrics. Earlier, it rose as high as $104,324.65, its highest level since Jan. 31. For the week, bitcoin is up more than 6% and on pace for its fourth positive week in a row - and first four-week win streak since November.

據COIN指標稱，比特幣的價格上漲了近2％，至103,144.27美元。早些時候，它上漲了高達104,324.65美元，這是自1月31日以來的最高水平。本週，比特幣連續第四個積極的一周增長了6％，並且在11月以來的第四周勝利。

"This move above $100,000 should be viewed as more than mere euphoria, but rather as evidence of a flows-driven shift," said Gadi Chait, head of investment at bitcoin-native Xapo Bank. "Whales have been accumulating on-chain, ETF demand continues to set new records, and investors seek 'neutral' assets amid a tariff-shadowed macro environment. Meanwhile, the announcement of a U.S.–U.K. 'mini-deal' and hints of tariff relief with China have reduced overall risk aversion, lifting equities, oil, and, notably, Bitcoin."

比特幣本地Xapo銀行投資負責人加迪·查特（Gadi Chait）表示：“這一舉動超過了100,000美元，應該比單純的欣快感更重要，而是以流動驅動的證據。” “鯨魚一直在積累鏈上，ETF需求繼續創造新的記錄，並且在關稅造成的宏觀環境中尋求'中性'資產。與此同時，宣布宣布美國–UK'迷你境界'和與中國的關稅救濟提示，使總體風險持平，厭惡公園，油，油，尤其是Bitcoin。

The risk-on sentiment bled into altcoins, or cryptocurrencies that aren't bitcoin, most of which have struggled to keep pace with bitcoin's gains this year. Ether, one of the biggest stragglers, jumped 11%, bringing its two-day gain up to 29%. A 7% increase in the token tied to Solana brought its two-day gain to 17%.

風險的情緒滲入了山寨幣，或者不是比特幣的加密貨幣，其中大多數一直在努力與今年的比特幣收益保持同步。 Ether是最大的Stragglers之一，躍升了11％，其兩天的增長高達29％。與Solana相關的代幣增加了7％，其兩天的增長達到了17％。

This week the Ethereum network also completed its latest technology upgrade, dubbed Pectra, which enables lower network fees, streamlined ether staking and support for smart wallets.

本週，以太坊網絡還完成了最新的技術升級，稱為Pectra，可允許較低的網絡費用，簡化的以太算機和對智能錢包的支持。

Ether is up 26% week to date and on pace for its best week since May 2021. The Solana token has added about 16% this week, which is on track to be its best week since January.

迄今為止，Ether每週增長26％，自2021年5月以來最好的一周。索拉納代幣本週增加了約16％，這是自一月以來最好的一周。

Year to date, however, ether and other major altcoins - with the exception of XRP - are still deep in the red compared to bitcoin. While the flagship crypto is up 11%, ether and the Solana token are down 30% and 11%, respectively.

然而，與比特幣相比，迄今為止，除了XRP外，Ether和其他主要的Altcoins（除XRP）仍然深處。雖然旗艦加密貨幣率上漲了11％，但Ether和Solana代幣分別下降了30％和11％。

Bitcoin's market structure changed after the introduction of spot bitcoin ETFs in 2024, with demand now coming from retirement accounts, macro funds, and corporate bonds such as Strategy. By contrast, altcoins still rely on crypto-native, risk-on capital, which hasn't shown significant growth alongside the greater tech sector due to the current interest rate environment, according to Eric Chen, Co-Founder of Injective.

比特幣在2024年引入現場比特幣ETF之後發生了變化，現在需求來自退休帳戶，宏觀資金和諸如戰略等公司債券的需求。相比之下，根據當前利率環境，由於當前的利率環境，AltCoins仍然依賴加密本地風險的資本，與更大的技術部門並未顯示出顯著的增長。

Bitcoin is likely to keep outperforming until broader capital flows into altcoins, he added, given their steady supply and lack of a structural buyer base, which are likely to take prices lower until they attract speculative interest.

他補充說，直到更廣泛的資本流入Altcoins之前，比特幣可能會保持勝於效果。鑑於其穩定的供應和缺乏結構性買家群，這可能會降低價格，直到吸引投機性利益為止。

"For us, there remains one singular strategy for crypto investors: stick to BTC until risk on headwinds dissipate," Wolfe Research analyst Read Harvey said in a note this week. "The coin is one of just two in our basket positive on the year and it continues to dominate the rest of the space on a relative basis. The question now shifts towards if it can maintain recent outperformance vs. equities, or if Gold was right all along."output:

沃爾夫研究分析師讀到，哈維在本週的一份報告中說：“對我們來說，加密投資者仍然存在一種單一的策略：堅持BTC，直到遭受逆風消散的風險。” “硬幣是我們籃子中僅有的兩個人之一，它繼續以相對的基礎統治其餘空間。現在，問題轉向是否可以保持最新的超越股票與股票的股票與股票的股票，或者金黃色一直是正確的。