比特币飙升至新历史最高的高度，超过了前一月的峰

根据硬币指标

Bitcoin (BTC) price hit a new all-time high (ATH) on Wednesday, surpassing its previous January peak and cementing its place at the forefront of the global financial conversation.

比特币（BTC）的价格在周三达到了新的历史最高（ATH），超过了其前1月的高峰，并巩固了其在全球金融对话的最前沿的位置。

According to Coin Metrics, the price of the world’s leading cryptocurrency rose as much as 2% to $108,955.10, after briefly touching an intraday record of $109,857.

根据硬币指标的数据，在短暂触及了109,857美元的盘中记录后，全球领先的加密货币的价格上涨了2％至108,955.10美元。

The rally came despite a brief intraday reversal, when spiking Treasury yields and falling equity markets saw bitcoin briefly surrender its gains.

尽管短暂的盘中逆转，这次集会还是出现了，当时飙升的财政部收益和股票市场下降，比特币短暂地投降了其收益。

However, the flagship digital asset quickly regained ground, highlighting its growing resilience in the face of macroeconomic volatility.

但是，旗舰数字资产迅速恢复了基础，强调了面对宏观经济波动的弹性。

After a period of sluggishness fuelled by trade-related uncertainty, bitcoin has staged a robust comeback in May, notching a 15% gain for the month.

在与贸易有关的不确定性助长了一段时间后，比特币在5月进行了强劲的卷土重来，该月的收益达到了15％。

Behind the surge is a wave of liquidity in equities that has buoyed risk assets, while ongoing concerns over U.S. tariffs and budget deficits have prompted a flight to alternative stores of value like gold and bitcoin.

激增的背后是股票的流动性浪潮，激发了风险资产的促进，而对美国关税和预算赤字的持续担忧促使人们飞往诸如黄金和比特币之类的替代价值商店。

Exchange-traded funds (ETFs) tracking bitcoin have also seen strong support, with cumulative inflows topping $40 billion last week and only two days of outflows in May, according to data from SoSoValue. On-chain analytics from CryptoQuant further suggest that selling pressure has eased, as evidenced by declining bitcoin inflows to exchanges and record amounts of Tether (USDT), a leading stablecoin, sitting on trading platforms, indicating ample market liquidity.

根据Sosovalue的数据，交易所交易的基金（ETF）跟踪比特币也得到了强有力的支持，上周的累积流入高达400亿美元，而5月的流出只有两天的流出。加密富裕的链上分析进一步表明，销售压力已经缓解，这证明了比特币流入到交换和创纪录的Tether（USDT）（USDT）（USDT）的领先Stablecoin坐落在交易平台上的，这表明市场流动性充足。

Investors are closely watching expected regulatory developments and a trend of corporate treasury allocations into bitcoin, both of which are seen as potential catalysts for further price appreciation. The number of bitcoins held by public companies has risen 31% since the start of the year, now valued at about $349 billion, accounting for 15% of the total bitcoin supply, according to Bitcoin Treasuries.

投资者正在密切关注预期的监管发展，以及公司财政部分配给比特币的趋势，这两者都被视为进一步价格升值的潜在催化剂。根据比特币库的数据，自今年年初以来，上市公司持有的比特币数量已增长31％，现在价值约349亿美元，占比特币供应总额的15％。

In the policy arena, the U.S. Senate this week advanced legislation to establish the nation’s first regulatory framework for stablecoins, a move seen as critical for the crypto sector’s next phase. President Donald Trump has publicly stated he wants crypto regulation on his desk ready to sign by August, before Congress breaks for recess.

在政策领域，美国参议院本周提出了制定国家第一个监管框架的立法，这一举动对加密货币部门的下一阶段至关重要。唐纳德·特朗普（Donald Trump）总统公开表示，他希望在国会休息之前，准备在八月之前在桌子上签署加密监管。

The month also delivered a symbolic boost for the industry, as the leading crypto exchange Coinbase joined the S&P 500, an inclusion many see as a watershed for mainstream crypto acceptance.

这个月也为该行业带来了象征性的推动，因为领先的加密交易所Coinbase加入了标准普尔500指数，其中包括许多人认为是主流加密货币的分水岭。