比特币将历史最高高于109,000美元的新历史高处粉碎，激发了投资者的热情。

这个前所未有的山峰标志着地缘政治不确定性的胜利，揭示了加密货币在快速变化的金融世界中的弹性和吸引力的日益增强。

The cryptocurrency market has been making headlines recently, with Bitcoin (BTC) smashing a new all-time high (ATH) of over $109,000. This unprecedented peak showcases the triumph of crypto over geopolitical headwinds, highlighting its increasing resilience and attractiveness in a rapidly changing financial world.

加密货币市场最近成为头条新闻，比特币（BTC）粉碎了新的历史最高（ATH）超过109,000美元。这个前所未有的峰值展示了加密货币胜过地缘政治逆风的胜利，强调了其在迅速变化的金融世界中的韧性和吸引力的日益增强。

A US-China trade deal that propels bitcoin

一项推动比特币的美中贸易协议

On May 12, the White House formalized a 90-day trade agreement with China, temporarily lowering tariffs to 10%. This measure eased concerns related to a trade conflict that could trigger a global recession. The impact on Bitcoin was immediate, with a rise of more than 26% in one month, to an ATH of $109,400 on May 21, 2025.

5月12日，白宫正式与中国达成了一项为期90天的贸易协定，暂时将关税降至10％。这项措施缓解了与可能引发全球衰退的贸易冲突有关的问题。对比特币的影响是立即的，一个月内增长了26％以上，达到2025年5月21日的109,400美元。

This easing of tensions propelled BTC and restored risk appetite, both in traditional markets and the crypto universe. Previously, rising tensions had caused bitcoin to plunge to $74,434 in early April, illustrating the asset’s strong sensitivity to macroeconomic shocks.

在传统市场和加密宇宙中，这种紧张局势缓解了BTC并恢复了风险食欲。以前，不断上升的紧张局势使比特币在4月初跌至74,434美元，这说明了资产对宏观经济冲击的强烈敏感性。

Bitcoin: from safe haven to mature risk asset

比特币：从避风港到成熟的风险资产

Bitcoin now exceeds its traditional role as a safe haven amid uncertainty. The improving geopolitical climate, notably with ceasefire negotiations between Russia and Ukraine, has transformed its place in investment portfolios.

现在，由于不确定性，比特币超出了其作为避风港的传统作用。地缘政治气候的改善，特别是随着俄罗斯和乌克兰之间的停火谈判，它改变了其在投资组合中的地位。

Bitcoin is now seen as a clear risk asset with the following characteristics:

现在，比特币被视为具有以下特征的明显风险资产：

This evolution of BTC reflects the growing maturity of the crypto market.

BTC的这种发展反映了加密市场的成熟度的日益增长。

An explosive week for BTC

BTC的爆炸周

Despite a slight pullback to $108,500 currently, bitcoin is still well on track to surpass $110,000 this week, given it is only Wednesday. This rise is supported by sustained demand and a favorable economic environment, strengthening investor confidence. Analysts remain optimistic, forecasting the bullish trend to continue with targets between $114,000 and $130,000 by the end of 2025.

尽管目前有轻微的回调至108,500美元，但由于仅是星期三，比特币在本周仍然有望超过110,000美元。持续需求和有利的经济环境支持了这一崛起，增强了投资者的信心。分析师仍然乐观，预测看涨的趋势将在2025年底之前继续以114,000美元至130,000美元的目标。

This anticipation notably relies on the correlation with global money supply growth (M2). Also on the growing interest in BTC, viewed as a shield against fiat currency depreciation.

这种预期特别依赖于与全球货币供应增长（M2）的相关性。同样在对BTC的日益增长的兴趣上，被视为反对法定货币贬值的盾牌。

Bitcoin thus explodes by surpassing a new all-time record at $109,000, confirming its meteoric rise. This peak symbolizes a powerful momentum that is redefining the financial landscape. Yet, this surge raises the question: does this new peak signal a sustainable future or a bubble about to burst? The critical week for BTC is far from over.

因此，比特币通过以109,000美元的价格超过了新的历史记录来爆炸，证实了它的迅速崛起。这个峰象征着重新定义金融景观的强大动力。然而，这种激增提出了一个问题：这个新的山峰是否表明了可持续的未来还是即将破裂的泡沫？ BTC的关键周还远远没有结束。

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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

世界正在发展，适应是在这个起伏的宇宙中生存的最佳武器。我最初是加密社区经理，我对与区块链及其衍生物直接或间接相关的任何事物感兴趣。为了分享我的经验并促进我热衷的领域，没有什么比撰写内容丰富且放松的文章更好。