Bitcoin (BTC) price hit its highest level in two months on Wednesday, trading above $93,000, as cryptocurrencies across the board posted significant gains amid signals that US-China trade tensions may be cooling and renewed confidence in Federal Reserve leadership.

比特幣（BTC）的價格在周三的兩個月內達到了最高水平，超過93,000美元的交易，因為董事會的加密貨幣在表明美國 - 中國貿易緊張局勢可能會冷靜下來並對美聯儲領導的信心重新信心。

The world’s largest cryptocurrency jumped nearly 6% in the past 24 hours, reaching $94,500 in early trading. Other major cryptocurrencies followed suit, with Ethereum (ETH) surging 10% to break above $1,700, while Dogecoin (DOGE), XRP, and Solana (SOL) also posted substantial gains, ranging from 7% to 11%.

在過去的24小時內，世界上最大的加密貨幣躍升了近6％，在早期交易中達到了94,500美元。其他主要的加密貨幣也伴隨著以太坊（ETH）飆升10％以超過$ 1,700，而Dogecoin（Doge），XRP和Solana（Sol）（Sol）也張貼了可觀的增長，範圍從7％到11％。

The total cryptocurrency market capitalization increased by approximately 6.7% over the last 24 hours to reach $2.95 trillion, according to CoinMarketCap data.

根據CoinMarketCap數據，在過去24小時內，加密貨幣市值總資本化增加了約6.7％，達到2.9.5萬億美元。

Why Is The Crypto Market Going Up Today?

為什麼今天的加密貨幣市場上升？

The cryptocurrency market is stabilizing for another consecutive session, continuing the strong rally that started earlier in the week. Tuesday was especially significant, with BTC surging 7% in a single session—the largest gain in two months—and breaking above critical resistance levels. As noted in my recent analysis, this paves the way for Bitcoin to retest its historical all-time high (ATH) around $108,000–$109,000.

加密貨幣市場正在連續一次會議穩定，繼續在本週早些時候開始的強烈集會。週二尤其重要，BTC在一次會議上飆升了7％，這是兩個月內最大的收益，並突破了臨界電阻水平。正如我最近的分析中所指出的那樣，這為比特幣重新測試其歷史歷史最高（ATH）的道路鋪平了道路，約為108,000美元至109,000美元。

As shown in the chart below, Bitcoin isn’t the only one rising—several altcoins are also climbing. Ethereum has gained 10% and is currently priced at $1,783, XRP is up 7% at $2.25, and Solana has increased 8%, testing $151. The meme-based Dogecoin surged 11% and is now trading above 18 cents.

如下圖所示，比特幣並不是唯一的崛起 - 幾個山寨幣也在攀登。以太坊上漲了10％，目前的價格為1,783美元，XRP上漲了7％，至2.25美元，Solana增長了8％，測試$ 151。基於模因的狗狗幣飆升了11％，現在的交易價格高於18美分。

The crypto market’s upward momentum also received a boost as US President Donald Trump indicated he had no intention of firing Federal Reserve Chair Jerome Powell, putting to rest concerns about central bank autonomy that had weighed on markets.

加密貨幣市場的上升勢頭也得到了增長，因為美國總統唐納德·特朗普表示，他無意解僱美聯儲主席杰羅姆·鮑威爾（Jerome Powell），這讓人們對陷入市場的中央銀行自治感到息息相關。

"There is no doubt dollar weakness caused by the Trump administration attack on the Federal Reserve and in particular Chairman Powell, has contributed to the rise of BTC this week but this is just one such catalyst," said Stephen Wundke, Director of Strategy & Revenue at quantitative digital asset investment firm Algoz. "The appointment of SEC Head Paul Atkins and his crypto friendly stance is another which encourages investors."

定量數字資產投資公司Algoz的戰略與收入總監Stephen Wundke說：“毫無疑問，由於特朗普政府對美聯儲，尤其是鮑威爾主席的攻擊造成的美元弱點，這是本週BTC的興起，但這只是這樣的催化劑。” “任命SEC負責人保羅·阿特金斯（Paul Atkins）和他的加密友好立場是鼓勵投資者的另一種。”

Further fueling the rally were comments from Treasury Secretary Scott Bessent, who told attendees at a closed-door JPMorgan investor summit that the current tariff standoff between the United States and China "cannot be sustained by both sides" and that the world's two largest economies would need to find ways to de-escalate tensions.

財政部長斯科特·貝森特（Scott Bessent）的評論進一步加劇了集會，他在閉門的摩根大通投資人峰會上告訴與會者，當前美國和中國之間的關稅對峙“不能遭受雙方的維持”，而世界上兩個最大的經濟體將需要尋找降低緊張局勢的途徑。

"Bitcoin (BTC) saw a strong breakout in yesterday's session, surging by 6.77% and reclaiming the $92,000 level, fueled by a notable improvement in global market sentiment. The main drivers behind this rally were the dovish comments from U.S. President Donald Trump regarding trade tariffs, as well as his statement that he has no intention of dismissing Federal Reserve Chair Jerome Powell," added Linh Tran, Market Analyst at XS.com.

"Bitcoin (BTC) saw a strong breakout in yesterday's session, surging by 6.77% and reclaiming the $92,000 level, fueled by a notable improvement in global market sentiment. The main drivers behind this rally were the dovish comments from US President Donald Trump regarding trade tariffs, as well as his statement that he has no intention of dismissing Federal Reserve Chair Jerome Powell," added Linh Tran, Market Analyst at XS.com.

President Trump later reinforced this sentiment when speaking to reporters at the White House, stating that U.S. tariffs on Chinese goods "will come down substantially" from their current 145% level, signaling a potential thaw in economic relations between the world's two largest economies.

特朗普總統隨後在與白宮的記者交談時，他說，美國對中國商品的關稅從目前的145％的水平上大幅下降了，這表明世界上兩個最大經濟體之間的經濟關係有潛在的解凍。

Also Read: Gold Spot Price Hits New Record At $3.4K: How Much Is Gold Per Ounce Today On Price Chart?

另請閱讀：黃金現貨價格以3.4K $ 3.4K的價格命中：今天的價格表上每盎司的黃金多少錢？

Massive Short Liquidations

大量的短清算

The rapid price increase triggered a significant "short squeeze" in the derivatives market, with over $63 million in short positions—bets that prices would fall—being liquidated in the past 24 hours.

快速價格上漲引發了衍生品市場的重大“短擠壓”，在過去的24小時內，價格將超過6300萬美元（價格下跌）。

Data from trading platforms shows that most short liquidations occurred on Bybit ($234 million), followed by Binance ($100 million) and Gate ($70 million). The largest single liquidation was an Ethereum futures position worth over $4.5 million on Binance.

來自交易平台的數據表明，大多數簡短的清算都發生在Bybit（2.34億美元）上，其次是Binance（1億美元）和Gate（7000萬美元）。最大的單一清算是以太坊期貨職位，價值超過450萬美元的二元。

This represents the biggest short liquidation event so far this year, comparing it to a similar event in November when $426 million in short leveraged positions were wiped out during a 16% market surge.

這是今年迄今為止最大的短期清算活動，將其與11月的類似事件進行了比較，當時在16％的市場激增期間，耗盡了4.26億美元的短暫槓桿頭寸。