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.

比特币（BTC）的价格在周三的两个月内达到了最高水平，超过93,000美元的交易，因为董事会的加密货币在表明美国 - 中国贸易紧张局势可能会冷静下来并对美联储领导的信心重新信心。

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%.

在过去的24小时内，世界上最大的加密货币跃升了近6％，在早期交易中达到了94,500美元。其他主要的加密货币也伴随着以太坊（ETH）飙升10％以超过$ 1,700，而Dogecoin（Doge），XRP和Solana（Sol）（Sol）也张贴了可观的增长，范围从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.

根据CoinMarketCap数据，在过去24小时内，加密货币市值总资本化增加了约6.7％，达到2.9.5万亿美元。

Why Is The Crypto Market Going Up Today?

为什么今天的加密货币市场上升？

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.

加密货币市场正在连续一次会议稳定，继续在本周早些时候开始的强烈集会。周二尤其重要，BTC在一次会议上飙升了7％，这是两个月内最大的收益，并突破了临界电阻水平。正如我最近的分析中所指出的那样，这为比特币重新测试其历史历史最高（ATH）的道路铺平了道路，约为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.

如下图所示，比特币并不是唯一的崛起 - 几个山寨币也在攀登。以太坊上涨了10％，目前的价格为1,783美元，XRP上涨了7％，至2.25美元，Solana增长了8％，测试$ 151。基于模因的狗狗币飙升了11％，现在的交易价格高于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.

加密货币市场的上升势头也得到了增长，因为美国总统唐纳德·特朗普表示，他无意解雇美联储主席杰罗姆·鲍威尔（Jerome Powell），这让人们对陷入市场的中央银行自治感到息息相关。

"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."

定量数字资产投资公司Algoz的战略与收入总监Stephen Wundke说：“毫无疑问，由于特朗普政府对美联储，尤其是鲍威尔主席的攻击造成的美元弱点，这是本周BTC的兴起，但这只是这样的催化剂。” “任命SEC负责人保罗·阿特金斯（Paul Atkins）和他的加密友好立场是鼓励投资者的另一种。”

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.

财政部长斯科特·贝森特（Scott Bessent）的评论进一步加剧了集会，他在闭门的摩根大通投资人峰会上告诉与会者，当前美国和中国之间的关税对峙“不能遭受双方的维持”，而世界上两个最大的经济体将需要寻找降低紧张局势的途径。

"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.

特朗普总统随后在与白宫的记者交谈时，他说，美国对中国商品的关税从目前的145％的水平上大幅下降了，这表明世界上两个最大经济体之间的经济关系有潜在的解冻。

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

另请阅读：黄金现货价格以3.4K $ 3.4K的价格命中：今天的价格表上每盎司的黄金多少钱？

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.

快速价格上涨引发了衍生品市场的重大“短挤压”，在过去的24小时内，价格将超过6300万美元（价格下跌）。

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.

来自交易平台的数据表明，大多数简短的清算都发生在Bybit（2.34亿美元）上，其次是Binance（1亿美元）和Gate（7000万美元）。最大的单一清算是以太坊期货职位，价值超过450万美元的二元。

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.

这是今年迄今为止最大的短期清算活动，将其与11月的类似事件进行了比较，当时在16％的市场激增期间，耗尽了4.26亿美元的短暂杠杆头寸。