比特币（BTC）达到了新的历史最高水平，短暂触摸了$ 111,000

具有里程碑意义的时刻是在109,000美元以上的休息时间之后，限制了一场持续的集会，这突显了投资者的信心和数字资产的新势头。

Bitcoin (BTC) price touched a new all-time high of $111,000 briefly on Thursday, propelled by a confluence of macroeconomic factors, policy developments, and growing institutional interest that is pushing the cryptocurrency into uncharted territory.

比特币（BTC）的价格在周四短暂触及了新的111,000美元的新高点，这是由于宏观经济因素，政策发展和日益增长的机构兴趣所推动的，这将加密货币推向了未知领域。

The landmark moment follows a decisive break above the $109,000 resistance level, completing a sustained rally that began after the U.S. Supreme Court ruling on Friday on Section 8 of the Administrative Procedure Act (APA). The sustained rally is also seeing a return of bullish momentum that began in March.

里程碑式的时刻是在超过109,000美元的抵抗水平的决定性突破之后，完成了一场持续的集会，该集会始于美国最高法院在周五在《行政程序法》（APA）第8节中裁决之后。持续的集会还看到了三月份开始的看涨势头。

At the macro level, markets have welcomed the recent temporary trade truce between the U.S. and China, which saw both nations agree over the weekend to a 90-day suspension of new tariffs. The move has helped to alleviate some of the geopolitical uncertainty that had previously weighed on risk assets - with capital now rotating back into high-growth sectors, including crypto.

在宏观层面上，市场欢迎美国与中国之间最近的临时贸易休战，这两种国家在周末都同意，暂停了90天的新关税。此举有助于减轻以前权重的某些地缘政治不确定性 - 现在的资本现在转移到包括加密在内的高增长领域。

The U.S. Dollar Index (DXY) has also dropped below 99, reaching its lowest point in several weeks, further increasing the appeal of Bitcoin as an alternative store of value in the face of fiat depreciation.

美元指数（DXY）也已降至99以下，在几周内达到了最低点，进一步增加了比特币作为面对菲亚特折旧时的替代价值的吸引力。

But there are other bullish developments aiding Bitcoin’s ascent.

但是还有其他看涨的发展有助于比特币的上升。

Texas Passes Bill For Strategic Bitcoin Reserve

德克萨斯州通过战略比特币储备法案

The state of Texas has passed legislation to create a strategic Bitcoin reserve, a first-of-its-kind move in the U.S. that signals growing political legitimacy for Bitcoin as a long-term reserve asset.

德克萨斯州已通过了立法，以建立战略性比特币储备，这是美国的首要举措，它标志着比特币成为长期储备资产的政治合法性的信号。

This development could pave the way for wider state-level adoption of Bitcoin as part of official financial infrastructure.

这一发展可能为更广泛的国家一级采用比特币铺平道路，作为官方金融基础设施的一部分。

"Texas House Bill 1578, legislating the creation of a strategic Bitcoin reserve, has passed and will head to the governor's desk for final approval. This bill signifies a groundbreaking moment in the U.S. as it marks the first time a state is considering investing in Bitcoin directly, " CCĐXV, a prominent member of the Bitcoin community, explained on X (formerly Twitter).

“得克萨斯州众议院法案1578年就立法建立了战略比特币保护区，并将通过并将前往州长的办公桌以获得最终批准。该法案标志着美国的开创性时刻，标志着州第一次考虑直接在比特币上投资于比特币，” CCCIXV，“ CCCIN，” CCIN，“ Bitcoin社区的重要成员，在X上享受了X（以前的Twitter）。

The bill's passage follows a period of heated debate among lawmakers, highlighting the diverse perspectives on cryptocurrency within the U.S. political landscape.

该法案的通过是在立法者之间进行了激烈的辩论之后的，强调了美国政治格局中有关加密货币的各种观点。

The legislation directs the Texas Comptroller of Public Accounts to explore the feasibility of investing state funds in Bitcoin. The move comes amid growing interest in cryptocurrencies among state governments, particularly in light of the recent downturn in the stock market and concerns over the long-term performance of traditional assets.

该立法指示德克萨斯州的公共帐户审计长探索在比特币投资州资金的可行性。这一举动是由于对州政府之间的加密货币的兴趣越来越大，特别是鉴于股市最近的低迷以及对传统资产的长期绩效的担忧。

Several U.S. states are now actively examining the potential for investing in digital assets as part of their broader portfolio management strategies.

现在，美国几个州正在积极研究对数字资产进行投资的潜力，这是其更广泛的投资组合管理策略的一部分。

Prominent Bitcoin Whale Expands Holdings To $1 Billion

著名的比特币鲸将持股量扩大到10亿美元

Investor confidence in Bitcoin is also being buoyed by large-scale moves from key market players.

投资者对比特币的信心也受到主要市场参与者的大规模动作的鼓舞。

James Wynn, a prominent Bitcoin whale, has reportedly expanded his Bitcoin holdings to an impressive $1 billion, belief in the cryptocurrency's long-term potential despite reaching six-figure price levels, according to a report by Web3_DeFi.

根据Web3_defi的一份报告，据报道，詹姆斯·永利（James Wynn）是一名著名的比特币鲸，他的比特币持有量将其比特币的持股量扩大到了10亿美元，但信念加密货币的长期潜力达到了六位数的价格水平。

Wynn, a well-known figure in the Bitcoin community, is known for making bold investments and spotting emerging trends in the cryptocurrency market.

Wynn是比特币社区中著名人物，以大胆的投资和发现加密货币市场的新兴趋势而闻名。

His move may also have a psychological knock-on effect, encouraging retail and institutional buyers alike to increase exposure to Bitcoin as they witness the commitment of experienced investors like Wynn.

他的举动也可能具有心理敲门效应，鼓励零售和机构买家，以增加对比特币的接触，因为他们见证了像永利这样经验丰富的投资者的承诺。

At the same time, there has been sustained net inflow into spot Bitcoin ETFs in recent weeks, according to TabChain data.

根据TABCHAIN数据，最近几周，最近几周内持续净流入到现货比特币ETF中。

This influx of capital is flowing into these regulated investment vehicles as a gateway for traditional finance to enter the digital asset space in scale.

这种资本的涌入正流入这些受监管的投资工具中，这是传统财务进入数字资产领域的门户。

The growing capital inflows into Bitcoin ETFs is a testament to the increasing appetite for regulated crypto investment products among institutional investors.

不断增长的资本流入比特币ETFS证明了机构投资者中受监管的加密投资产品的需求日益增长。

As traditional financial institutions navigate the complexities of the digital asset landscape, they are seeking out familiar and compliant avenues for participation.

当传统的金融机构驾驶数字资产格局的复杂性时，他们正在寻找熟悉和合规的参与途径。

Bitcoin ETFs provide a seamless entry point for institutional capital to allocate to cryptocurrencies in a manner that adheres to internal regulations and risk management frameworks.

比特币ETF为机构资本以遵守内部法规和风险管理框架的方式分配给加密货币提供了一个无缝的入口点。

The involvement of institutional investors is crucial for providing price stability and facilitating the long-term growth of the cryptocurrency market.

机构投资者的参与对于提供价格稳定和促进加密货币市场的长期增长至关重要。

The involvement of institutional investors is crucial for providing price stability and facilitating the long-term growth of the cryptocurrency market. Their capital injections and participation are essential for sustaining and propelling the upward momentum of cryptocurrencies in the financial sphere.

机构投资者的参与对于提供价格稳定和促进加密货币市场的长期增长至关重要。他们的资本注射和参与对于维持和推动金融领域的加密货币的向上势头至关重要。

Point Of Interest: If current trends continue, we might see the next psychological price point of $115,000 being tested in the coming week or two. Key factors to watch will be the Federal Reserve's tone on interest rates and upcoming U.S. economic data (GDP, PMI, PCE inflation).

兴趣点：如果当前的趋势继续下去，我们可能会看到下一个心理价值点为$ 115,000，在接下来的一两个星期中进行了测试。要关注的关键因素将是美联储的利率和即将到来的美国经济数据（GDP，PMI，PCE通货膨胀）的基调。