比特币已经达到了新的历史最高水平，超过了110,000美元的大关

比特币已经达到了新的历史最高水平，首次超过了110,000美元的成绩。截至发稿时，世界上最大的加密货币的交易价格为110,032.39美元

Bitcoin price surged past the $110,000 mark to reach a new all-time high on Thursday. As of press time, the world’s largest cryptocurrency was trading at $110,032.39, up 3.46% in the past 24 hours. This new peak eclipses the previous all-time high of $108,099, set on January 20, 2025.

比特币的价格飙升了110,000美元的成绩，以达到周四的新历史最高水平。截至发稿时，世界上最大的加密货币的交易价格为110,032.39美元，在过去24小时内增长了3.46％。这个新的山峰黯然失色，这是2025年1月20日设定的以前的108,099美元。

Bitcoin had first crossed the symbolic $100,000 threshold in December 2024 following US President Donald Trump’s reelection, a moment that catalyzed renewed interest in digital assets.

在美国总统唐纳德·特朗普（Donald Trump）连任之后，比特币在2024年12月首次跨越了象征性的100,000美元门槛，这一时刻激发了人们对数字资产的新兴趣。

Bitcoin’s ascent marks a significant turning point in its evolution from a volatile retail speculation vehicle to a recognized component of global investment portfolios.

比特币的上升标志着其从波动性零售投机工具到全球投资组合的公认组成部分的发展。

“Investor sentiment has shifted decisively,” said Valentin Fournier, lead analyst at BRN. “What we’re seeing now are institutional-style allocations and a strong embrace of Bitcoin as a strategic asset.”

BRN的首席分析师瓦伦丁·富尼尔（Valentin Fournier）说：“投资者的情绪果断地转移了。” “我们现在看到的是机构式的分配和对比特币作为战略资产的强烈拥抱。”

ETF Inflows, Treasury Adoption Fuel Rally

ETF流入，库雷采用燃料集会

The surge has been fueled in part by strong inflows into U.S.-listed Bitcoin ETFs, with recent data from SoSoValue indicating $6.4 billion in net inflows over the past four weeks, underscores deepening institutional participation. Bitcoin’s total market capitalization now stands at an eye-popping $2.17 trillion, placing it firmly among the largest and most liquid assets globally.

激增的一部分是由于进入美国上市的比特币ETF的大量流入，而来自Sosovalue的最新数据表明，在过去的四个星期中，净流入量为64亿美元，这强调了机构参与的加深。比特币的总市值现在高达2.17万亿美元，将其牢固地置于全球最大，最大的流动资产之列。

Further bolstering the rally is a wave of corporate treasury activity, with a new cohort of companies following in the footsteps of Strategy (formerly MicroStrategy). In May alone, firms like Twenty One by Tether, David Bailey’s Nakamoto and KindlyMD, Strive by Vivek Ramaswamy, Méliuz by Israel Salmen, and Nuvve by Gregory Poilasne announced substantial Bitcoin acquisitions. Established players such as Strategy, Marathon Digital (MARA), and MetaPlanet have also continued to expand their holdings, often using leverage.

进一步加强集会是公司财政部活动的一波，其中一系列新公司追随战略的脚步（以前是MicroStrategy）。仅在5月，戴维·贝利（David Bailey）的中村（David Bailey）的中村（Nakamoto）和善良的公司（Vivek Ramaswamy），以色列萨尔门（Israel Salmen）和格雷戈里·索拉斯（Gregory Poilasne）宣布了大量的比特币采购。诸如战略，马拉松数字（MARA）和Metaplanet之类的成熟参与者也继续扩大其持股，通常使用杠杆作用。

Bitcoin is now up approximately 25% month-to-date.

现在，比特币高约25％。

Macro Backdrop Contrasts With Rocky Equities

宏观背景与岩石股票形成鲜明对比

Bitcoin’s record-setting run comes amid a contrasting picture in traditional equity markets. The S&P 500 snapped its recent win streak, closing Wednesday down 1.61% at 5,844.61. The Dow Jones Industrial Average fell 816.80 points, or 1.91%, to 41,860.44, while the Nasdaq Composite lost 1.41%, ending at 18,872.64.

在传统股票市场中，比特币的记录创作跑步是出现的。标准普尔500标准普尔（S＆P 500）抢购了最近的连胜纪录，周三结束了1.61％，至5,844.61。道琼斯工业平均水平下降了816.80点，即1.91％，至41,860.44，而纳斯达克综合综合率下降了1.41％，结束时为18,872.64。

Equity markets were pressured by a sharp rise in long-term Treasury yields. The 30-year bond yield surged to 5.09%, its highest level since October 2023. The 10-year Treasury note yield also rose, hitting 4.59%.

长期财政收益率急剧上升，股票市场受到压力。 30年的债券收益率飙升至5.09％，是2023年10月以来的最高水平。十年期财政部收益率也增加了4.59％。

The spike came amid concerns that a new U.S. budget bill, expected to pass ahead of Speaker Mike Johnson’s Memorial Day deadline, could further balloon the nation’s deficit. A poorly received 20-year bond auction only added to investor anxiety about America’s long-term fiscal health.

这一尖峰是因为担心的是，一项新的美国预算账单预计将在发言人迈克·约翰逊（Mike Johnson）的阵亡将士纪念日截止日期之前通过，这可能会进一步激怒美国的赤字。收到的20年债券拍卖只会增加投资者对美国长期财政健康的焦虑。

In contrast, Bitcoin appears to be benefitting from this uncertainty. Investors are increasingly turning to it as a store of value and a hedge against both monetary debasement and geopolitical instability.

相反，比特币似乎从这种不确定性中受益。投资者越来越多地将其作为价值存储和对冲货币贬低和地缘政治不稳定的对冲。

Easing trade tensions between the U.S. and China have also helped lift overall risk sentiment, further supporting risk-on assets like Bitcoin.

美国和中国之间的缓解贸易紧张局势也有助于提高整体风险情绪，进一步支持像比特币这样的风险资产。