在美国和中国达成临时贸易协定之后，比特币（BTC）升至新的历史最高水平

根据TradingView的数据，比特币（BTC）在5月21日将新的高点定为109,400美元，在过去一个月中增长了26％以上。

Bitcoin rose to a new all-time high of $109,400 on Monday, May 21, as a temporary trade agreement between the United States and China eased macroeconomic fears and boosted investor confidence, according to crypto market tracker, TradingView.

根据Crypto Market Tracker，由于美国和中国之间的临时贸易协定缓解了宏观经济的担忧，并增强了投资者的信心，比特币在5月21日星期一提高了109,400美元的新高点。

The top cryptocurrency set a new record high of $109,400, up more than 26% in the past month. The climb to a record high came nine days after the White House announced a 90-day trade agreement between the US and China on May 12, temporarily slashing import tariffs to 10%.

最高的加密货币创造了新的记录高点109,400美元，在过去一个月中增长了26％以上。 5月12日，白宫宣布美国和中国之间达成90天的贸易协定后，攀升至创纪录的高高，这是在90天的贸易协定之后的9天，暂时将进口关税降至10％。

The 90-day tariff suspension and the cooperative tone in negotiations removed the risk of "sudden re-escalation," which had a significant impact on risk appetite among traditional and cryptocurrency investors, said Aurelie Barthere, principal research analyst at crypto intelligence platform Nansen.

Crypto Intelligence Sportment Nansen的主要研究分析师Aurelie Barthere说，谈判中的90天关税暂停和谈判中的合作基调消除了“突然重新升级”的风险，这对传统和加密货币投资者的风险食欲产生了重大影响。

US President Donald Trump's reciprocal tariffs were seen as the biggest macroeconomic threat to traditional equities and cryptocurrency markets in 2025.

美国总统唐纳德·特朗普（Donald Trump）的互惠关税被视为2025年对传统股票和加密货币市场的最大宏观经济威胁。

Bitcoin fell to a year-to-date low of $74,434 on Friday, April 7, five days after Trump announced his reciprocal import tariffs on April 2, sending shockwaves across global markets, with the S&P 500 losing more than $5 trillion in value, its largest drop to date.

比特币在4月7日（星期五）宣布他在4月2日宣布互惠进口关税的五天后，降至年初低点74,434美元，在全球市场上发动了冲击波，标准普尔500指数损失了500万美元以上的价值，迄今为止最大的下降。

Bitcoin started its recovery on Sunday, April 9, after Trump's Liberation Day marked the "climax of uncertainty" for market participants, said Michaël van de Poppe, founder of MN Consultancy.

MN Consultancy的创始人MichaëlVande Poppe表示，在特朗普的解放日为市场参与者的“不确定性高潮”之后，比特币在4月9日星期日开始恢复。

Bitcoin entered May with 'near-flawless setup'

比特币进入可能的“几乎无毛设置”

Bitcoin kicked off May with a "near-flawless setup, catalyzed by a rare alignment of geopolitical de-escalation, improving regulatory optics and macroeconomic tailwinds," said Jag Kooner, head of derivatives at Bitfinex exchange.

BitFinex Exchange的衍生物负责人Jag Kooner说，比特币启动了5月的“几乎没有毛动的设置，这是由于罕见的地缘政治降级降级，改善了监管光学和宏观经济的尾风。”

"The Russia–Ukraine ceasefire talks have defused one of the primary geopolitical volatility engines of the past two years," Kooner said.

库纳说：“俄罗斯 - 乌克兰停火谈判融合了过去两年中主要的地缘政治波动引擎之一。”

The capital rotation reflects a "maturing narrative" as "Bitcoin is no longer just a fear hedge — it’s increasingly a high-conviction risk asset in periods of macro stability," Kooner said.

Kooner说，“比特币不再仅仅是恐惧对冲，资本轮换反映了“成熟的叙述”，而在宏观稳定时期，它越来越多地是一个高罪分的风险资产。”

Russia and Ukraine "will immediately start negotiations towards a Ceasefire and, more importantly, an END to the War," Trump said in a May 19 X post, summarizing his two-hour call with Russian President Vladimir Putin.

特朗普在5月19日的职位上说，俄罗斯和乌克兰“将立即开始就停火开始谈判，更重要的是要结束战争。”

Still, funding rates need to remain neutral and open interest stable for a "consecutive setup" that may ignite a Bitcoin rally to above $114,000 to $120,000, which may be catalyzed by any "macro or regulatory spark," Kooner said.

尽管如此，对于“连续的设置”，资金率仍需要保持中性和开放利息稳定，该设置可能会将比特币集会点燃至114,000美元至120,000美元以上，这可能会被任何“宏观或监管火花”催化。

Other analysts have predicted a Bitcoin rally to above $130,000 before the end of 2025, based on BTC's close correlation with the global money supply.

基于BTC与全球货币供应的密切相关，其他分析师预测，在2025年底之前，比特币集会将在2025年底之前的$ 130,000。

The increasing money supply may push Bitcoin's price above $132,000 before the end of the year, as investor demand is driven by the growing fiat money debasement, predicted Jamie Coutts, chief crypto analyst at Real Vision.

货币供应量的增加可能会在年底之前将比特币的价格提高到132,000美元以上，因为投资者的需求是由菲亚特货币贬低的日益增长的驱动的，预测真实视觉的首席加密分析师Jamie Coutts。