上周，比特币的历史最高点高于111,000美元

上周，比特币的历史最高高于111,000美元，重新点燃了OG代币将在投机较高的记录中树立新的记录。

Bitcoin hit a new all-time high above $111,000 last week, setting the stage for further speculative bets on the OG token to set new records. However, on Friday, U.S. President Donald Trump again shook global markets with his tariff rhetoric, this time targeting the European Union.

上周，比特币在111,000美元的$ 111,000中达到了新的历史高处，为OG令牌的进一步投机赌注奠定了基础，以创造新的记录。但是，在星期五，美国总统唐纳德·特朗普（Donald Trump）再次以他的关税言论摇摆了全球市场，这次是针对欧盟的。

As a result, Bitcoin plunged along with risk assets, approaching the $107,000 mark, defying expectations of a general upswing.

结果，比特币与风险资产一起跌落，接近107,000美元，无视一般升级的期望。

A reversal came through for cryptos after Trump announced a delay in 50% tariffs on EU imports to June 9 from June 1 earlier. The president said on Sunday that the decision to delay EU tariffs came after a phone call with European Commission President Ursula von der Leyen.

在特朗普宣布延误欧盟进口的50％关税到6月9日的6月1日之前，逆转了加密货币。总统周日表示，延迟欧盟关税的决定是在与欧盟委员会主席乌苏拉·冯·德·莱恩（Ursula Von der Leyen）打来电话之后的。

The prospect that Trump may soften his hardline approach to trade with the EU following his extension of the deadline for massive tariff measures caused gold's haven status to decline.

在延长了大规模关税措施的截止日期之后，特朗普可能会软化他与欧盟进行贸易的艰难方法的前景导致戈尔德的避风港地位下降。

The yellow metal's price fell sharply after almost a 5% rally last week.

在上周将近5％的集会后，黄色金属的价格急剧下降。

On the other hand, Bitcoin was last changing hands closer to the $110,000 mark, rising close to 2%.

另一方面，比特币的最后一只手接近110,000美元，上升近2％。

While new tariff threats show trade uncertainty is here to stay, Trump's volatility is clear in global financial markets, and his tactic of pressuring countries for a trade deal has also been effective in recent weeks.

尽管新的关税威胁表明贸易不确定性将留在这里，但特朗普在全球金融市场中的波动很明显，他向国家施加贸易协议的策略在最近几周也是有效的。

China was a big example; now it's the European Union's turn.

中国就是一个很大的例子。现在轮到欧盟了。

However, what is surprising is crypto moves. Cryptos are the least likely assets to be impacted by tariffs—at least directly, unlike stocks. While bets are strongly tilted to the upside in the long run, the short-term ride is rather unsettling for traders.

但是，令人惊讶的是加密动作。加密是最小可能受到关税影响的资产，至少与股票不同。尽管从长远来看，赌注倾向于上升，但短期旅程对于交易者来说却令人不安。

The so-called correlation of cryptos with stocks is widening and thinning at different points during Trump's economic broadsides ride on risk-off bets. Similarly, cryptos have also rallied on safe-haven bets in line with record-setting gold this year.

在特朗普的经济宽阔的赌注上，加密货币与股票的所谓相关性正在扩大和变薄。同样，加密货币也与今年创纪录的黄金一致地集结了避风港的赌注。

The trend indicates an initial shock and a sudden sell-off in cryptos, which mirrors the significant decline in the dollar, stocks, and other major risk assets. After the initial reaction, the digital asset market seems to pick up in line with gold and rise even as the sell-off in other risk assets continues.

趋势表明，加密货币的最初震惊和突然抛售，这反映了美元，股票和其他主要风险资产的显着下降。最初的反应后，即使其他风险资产的抛售仍在继续，数字资产市场似乎与黄金和上升相符。

Simultaneously, it is highly likely that cryptos will rise in tandem with risk assets as soon as macroeconomic conditions and Trump's rhetoric support the markets.

同时，一旦宏观经济状况和特朗普的言论支持市场，加密货币很有可能会与风险资产同行。

Trading since April shows that pattern, with Bitcoin moves reflecting those bets. Not too long ago, when the S&P 500 hit a bear market, the OG token faced resistance to breaching the $100,000 mark.

自4月以来的交易表明了这种模式，比特币动作反映了这些赌注。不久前，当标准普尔500指数袭击熊市时，OG代币面临着违反100,000美元的抵抗。

However, an $8.6 trillion rally in the Wall Street benchmark from April lows pushed cryptos back up to new life highs.

但是，从四月低点开始的华尔街基准中的8.6万亿美元集会将加密货币推向了新的生活高点。

Since Friday, when markets took a hit, the $100,000 mark has acted as a support level for the crypto. Monday trading suggests a break higher to a new record this week, with global stocks trading in the green.

自从星期五市场受到打击以来，这笔100,000美元的大关一直是加密货币的支持水平。周一的交易表明，本周的新记录较高，全球股票的交易处于绿色状态。

Institutions driving prices

机构推动价格

This year, institutional investors have been the major drivers of crypto prices, particularly Bitcoin.

今年，机构投资者一直是加密价格，尤其是比特币的主要驱动力。

Demand from institutions in the US continues to show strong resilience. Open interest in Bitcoin futures available through CME Group has seen a 25% recovery from the year-to-date low observed in April.

美国机构的需求继续表现出强大的弹性。通过CME Group提供的对比特币期货的开放兴趣与4月份观察到的低点相比获得了25％的回收率。

In May, US spot Bitcoin ETFs saw inflows exceeding $5 billion, indicating continued interest from investors looking for regulated avenues to gain exposure to cryptocurrency.

5月，美国现货比特币ETF的流入量超过50亿美元，这表明寻求受管制途径以获得加密货币的投资者的持续利息。

Options trading on BlackRock's IBIT has seen significant growth, with notional open interest currently reaching $21 billion, according to Bloomberg data.

据彭博社数据称，贝莱德IBIT上的期权交易已有显着增长，目前的名义开放利息目前达到210亿美元。

Overall, the mood in crypto markets suggests an upside, with knee-jerk reactions likely to cause some volatility.

总体而言，加密货币市场的情绪暗示了一个上行空间，膝盖反应可能会引起一些波动。

Elsewhere

别处