比特币（BTC）的价格飙升至96,446美元，以强劲的机构购买现货比特币交易所交易基金（ETF）。

加密分析师预计，即使联邦公开市场委员会（FOMC）在本周的会议上保持不变的利率，比特币将飙升至100,000美元。

Cryptocurrency analysts are expecting Bitcoin to soar to US$100,000 even if the Federal Open Market Committee (FOMC) keeps interest rates unchanged at its meeting this week, based on strong institutional buying of spot Bitcoin exchange-traded funds (ETFs).

加密货币分析师预计，即使联邦公开市场委员会（FOMC）在本周的会议上保持利率不变，基于对现货比特币交易所交易基金（ETFS）的强劲购买，比特币将飙升至100,000美元。

The FOMC interest rate decision this week could define the outlook for risk-on assets, including cryptocurrencies. Bitcoin, the world’s most traded cryptocurrency, rose 2.2% to $96,446 on Wednesday on higher risk appetite after the US and China said some trade dialogue is slated for later this week.

FOMC本周的利率决策可以定义风险资产的前景，包括加密货币。比特币是全球交易最多的加密货币，在美国和中国表示，本周晚些时候进行了一些贸易对话后，周三的风险偏好增长了2.2％，至96,446美元。

Most investors are expecting the Fed to keep interest rates unchanged, said investment advisor at Merkle Capital Woramet Chansen. A rate cut would be positive for investment in risk assets, including cryptocurrencies.

Merkle Capital Woramet Chansen的投资顾问说，大多数投资者都希望美联储保持利率不变。降低利率对包括加密货币在内的风险资产的投资是积极的。

The Arizona legislature recently approved two Republican-led bills that would allow the state to invest up to 10% of its public funds, potentially more than $3 billion, into digital assets such as Bitcoin.

亚利桑那州立法机关最近批准了两项由共和党领导的法案，这些法案将使该州最多投资其公共资金的10％，可能超过30亿美元，以将其投资于比特币等数字资产上。

If the bills are signed into law, Arizona would become the first US state to establish a state-level Bitcoin reserve, aligning with US President Donald Trump’s proposal for a national “strategic crypto reserve”.

如果将账单签署为法律，亚利桑那州将成为第一个建立州级比特币保护区的州，与美国总统唐纳德·特朗普（Donald Trump）对国家“战略加密保护区”的提议保持一致。

The move to adopt Bitcoin as a reserve asset by Arizona attracted increased institutional investment into spot Bitcoin ETFs, driving prices higher.

采用比特币作为亚利桑那州的储备资产的举动吸引了对现货比特币ETF的机构投资的增加，从而使价格提高。

“Even if the Fed does not cut interest rates this time, there is still a chance the price of Bitcoin will continue rising towards the $100,000 target in the third quarter. Economists still expect the Fed to cut interest rates 3-4 times this year,” said Mr Woramet.

沃姆特先生说：“即使美联储这次没有降低利率，比特币的价格仍然有可能在第三季度继续朝着100,000美元的目标上涨。经济学家仍期望美联储今年将利率降低3-4倍。”

He said there are two key risk factors to watch, including a potential US recession, which can be tracked through employment data and GDP growth figures. Another factor is the outcome of Trump’s tax policy after the 90-day grace period ends because these tariffs would disrupt global markets, said Mr Woramet.

他说，有两个关键的危险因素值得关注，包括潜在的美国衰退，可以通过就业数据和GDP增长数据来跟踪。 Woramet先生说，在90天的宽限期结束后，特朗普税收政策的结果是因为这些关税会破坏全球市场。

According to Chief Investment Officer at Cryptomind Advisory Co Ltd Peerapat Hankongkaew, another critical issue is the upcoming large-scale rollover of US Treasury debts in June.

Cryptomind Advisory Co Ltd Peerapat Hankongkaew首席投资官的另一个关键问题是，即将在6月对美国财政部债务的大规模债务。

If the government can successfully roll over a large portion of the debt, it would help keep the economy running smoothly. However, if the rollover is limited or if defaults increase, it would signal a contraction in market liquidity, said Mr Peerapat.

如果政府能够成功地卷起大部分债务，那将有助于使经济顺利进行。但是，如果转盘有限或违约增加，这将表明市场流动性的收缩。

“Meanwhile, traders are becoming less confident that the Fed will ease monetary policy. While this might seem bearish for risk assets, it could prompt the US Treasury to inject liquidity into the markets to maintain fiscal support and government spending,” said Mr Peerapat.

Peerapat先生说：“与此同时，交易者对美联储将减轻货币政策的信心。尽管这似乎对风险资产看跌，但它可能会促使美国财政部向市场注入流动性，以维持财政支持和政府支出。”