Bitcoin Surges to New All-Time High, Sparking Altcoin Rally

比特幣飆升至歷史新高，引發山寨幣反彈

Bitcoin (BTC) has set a new all-time high of $89,604.50, propelling altcoins into a bullish surge.

比特幣 (BTC) 創下 89,604.50 美元的歷史新高，推動山寨幣看漲。

Market Analysis

市場分析

Bitcoin's rally has been ongoing since last week, with the pioneer crypto asset breaking through resistance at $73,000. In the past 24 hours alone, BTC has surged 9.53%, surpassing its previous ATH of $81,858.

自上週以來，比特幣的上漲一直在持續，這一先鋒加密資產突破了 73,000 美元的阻力位。僅在過去 24 小時內，BTC 就飆升了 9.53%，超過了之前的最高峰值 81,858 美元。

The bullish momentum has spread to altcoins, led by Dogecoin (DOGE). The total crypto market cap has rallied above $3 trillion for the first time since 2021.

看漲勢頭已蔓延至以狗狗幣（DOGE）為首的山寨幣。自 2021 年以來，加密貨幣總市值首次升至 3 兆美元以上。

Factors Driving the Surge

推動激增的因素

Analysts attribute the surge in Bitcoin and altcoin prices to several factors in both the global financial market and the crypto sphere:

分析師將比特幣和山寨幣價格的飆升歸因於全球金融市場和加密領域的幾個因素：

• Short Squeeze: Over $1.2 billion in liquidations of leveraged short positions has shifted market sentiment towards the bullish side.
• Institutional Demand: Major investors are entering the Bitcoin market, as evidenced by the recent surge in volume and market cap. The purchase of 27,000 BTC by MicroStrategy Inc. further supports this trend.
• Regulatory Certainty: Senator Cynthia Lummis expects the incoming administration to pass the 'Bitcoin Act', potentially positioning Bitcoin as a hedge against national debt.
• Favorable Political Developments: The nomination of Scott Bessent as Treasury Secretary is viewed as positive for the crypto market, particularly Bitcoin.

Outlook

空頭擠壓：超過 12 億美元的槓桿空頭頭寸清算已將市場情緒轉向看漲。 MicroStrategy Inc. 購買27,000 BTC 進一步支持了這一趨勢。 ：斯科特的提名貝森特擔任財政部長被認為對加密市場，特別是比特幣有正面影響。

Many analysts predict that Bitcoin is poised to continue its upward trend, with some projecting a price of $100,000 in the coming days. However, it's important to note that the crypto market remains volatile, and investors should proceed with caution.

許多分析師預測比特幣將繼續其上漲趨勢，一些分析師預計未來幾天比特幣的價格將達到 10 萬美元。但值得注意的是，加密貨幣市場仍波動，投資人應謹慎行事。