加密貨幣正在以柔和的音符進行交易，即使黃金集結以擴大新的峰值。

Gold的新鮮最高時期和比特幣的呆滯之處在於越來越多的風險規避和對美聯儲降低降低稅率的期望不斷上升。

Cryptocurrencies are trading on a subdued note even as Gold rallied to scale a fresh peak.

加密貨幣正在以柔和的音符進行交易，即使黃金集結以擴大新的峰值。

Gold's fresh all-time-high and Bitcoin's sluggishness came amidst growing risk aversion and rising expectations of rate cuts by the Federal Reserve.

Gold的新鮮最高時期和比特幣的呆滯之處在於越來越多的風險規避和對美聯儲降低降低稅率的期望不斷上升。

Spot Gold rallied 0.12 percent overnight to trade at $2,992.57 per troy ounce. The day's trading ranged between $2,980.93 and $3,004.95 whereas the 52-week trading ranged between $2,146.05 and $3,004.95.

Spot Gold在一夜之間集結了0.12％，以每盎司2,992.57美元的價格進行交易。當天的交易範圍在2,980.93美元至3,004.95美元之間，而52週的交易範圍在2,146.05美元之間，範圍為2,146.05美元至3,004.95美元。

Gold Futures (for April settlement) also jumped 0.46 percent overnight to $3,005.11. The day's trading ranged between $2,994.4 and $3,017.11 whereas trading ranged between $2,149.2 and $3,017.11 during the 52-week period.

黃金期貨（4月份定居點）在一夜之間也躍升了0.46％，達到3,005.11美元。當天的交易範圍在2,994.4美元至3,017.11美元之間，而在52週期間，交易範圍在2,149.2至3,017.11美元之間。

Bitcoin edged up 0.2 percent in the past 24 hours to trade at $83,176.23. Bitcoin traded between a high of $83,736.09 and a low of $79.931.85 during the past 24 hours and between a high of $109,114.88 and a low of $49,121.24 during the past 52 weeks.

在過去的24小時內，比特幣以83,176.23美元的價格上漲0.2％。比特幣在過去24小時內的高價在83,736.09美元之間，低點為79.931.85美元，在過去的52周中，比特幣在過去24小時內的高點和$ 109,114.88的高價和49,121.24美元的高價。

The contrast and rivalry between Gold and Bitcoin have undoubtedly intensified in 2025. The intense competition has the potential to turn this into one of the biggest battles for supremacy in the financial world.

黃金和比特幣之間的對比和競爭無疑在2025年加劇了。激烈的競爭有可能將其變成金融界至高無上的最大戰鬥之一。

For centuries, gold has been a store of value during uncertainty. The current market capitalization of $20.2 trillion enjoyed by gold is attributed in a big way to this legacy demand. Nevertheless, Bitcoin which was unveiled in 2008 has been able to challenge gold's hegemony by rising to a peak market capitalization of $2.02 trillion. Market capitalization is currently at $1.6 trillion.

幾個世紀以來，黃金一直是不確定性期間的價值存儲。黃金享受的目前的20.2萬億美元市值歸因於這種遺產需求。儘管如此，2008年揭幕的比特幣已經能夠通過上升到市值為2.02萬億美元的峰值市值來挑戰黃金的霸權。市值目前為1.6萬億美元。

Gold futures have surged 13.9 percent on a year-to-date basis. The unprecedented turbulence on the trade tariff front, the persisting geopolitical tensions and renewed rate cut hopes have aided the surge in the prices of the yellow metal. The aggressive gold buying attributed to central banks has also helped gold prices skyrocket. In contrast, Bitcoin has shed 10.9 percent on a year-to-date basis as markets reconcile to the lesser-than-expected level of crypto-friendly initiatives from the new U.S. administration.

黃金期貨從一年到日期飆升了13.9％。貿易關稅陣線上空前的湍流，持續存在的地緣政治緊張局勢和新的速度降低希望有助於黃金金屬的價格上漲。歸因於中央銀行的侵略性購買也有助於黃金價格飛漲。相比之下，隨著市場與新美國政府相比，比特幣一年一度地降低了10.9％的股份。

Amidst the ongoing rivalry between gold and Bitcoin, there has also been a growing narrative surrounding the digitalization or tokenization of real-world assets. This involves creation of cryptocurrencies focused on real world assets representing physical or financial assets outside the blockchain such as real estate, bonds, commodities and the like.

在黃金和比特幣之間持續的競爭中，圍繞現實世界資產的數字化或令牌化的敘述也越來越多。這涉及建立集中在現實世界資產上的加密貨幣，這些資產代表了區塊鏈之外的物理或金融資產，例如房地產，債券，商品等。

With the prospect of tokenization of real-world assets, which is essentially bringing off-chain assets on-chain, the spotlight has also turned on tokenizing precious metals like gold and silver. The tokenization of gold allows for fractional ownership and easier trading. Currently, the Tokenized Gold category comprises of 5 cryptocurrencies ranked by coinmarketcap.com. These include 89th ranked PAX Gold (PAXG), 77th ranked Tether Gold (XAUt), 346th ranked GoldPro Token (GPRO), 900th ranked Comtech Gold (CGO) and VNX Gold (VNXAU), ranked 1930 overall.

隨著現實世界中的代幣化的前景，實際上是在鏈上帶來鍊鍊資產，人們的聚光燈也已經打開了諸如黃金和白銀等貴金屬。黃金的令牌化允許分數所有權和更容易的交易。目前，令牌化的黃金類別包括5個由CoinMarketCap.com排名的加密貨幣。其中包括第89位PAX Gold（PAXG），第77位排名繫繩金（XAUT），第346位排名GoldPro Token（GPRO），第900名Comtech Gold（CGO）和VNX Gold（VNXAU）排名第930位。

Closely tracking the surge in gold prices, most of these cryptocurrencies have recorded strong year-to-date gains in 2025. XAUt, PAXG and CGO have added more than 14 percent till date in 2025 followed by VNXAU that has gained 11.9 percent. Despite overnight gains of close to 35 percent, GPRO is however trading with year-to-date losses of 47.5 percent.

這些加密貨幣中的大多數在2025年的逐年逐漸增長。儘管隔夜增長近35％，但GPRO的交易額度為47.5％。

The growing institutional investment in investment products based on digital assets indicates that the battle between gold and Bitcoin would intensify further. The CoinShares' Digital Asset Fund Flows Weekly report for the week ended March 7 showed aggregate assets under management at $142.5 billion.

基於數字資產的投資產品的機構投資不斷增長，這表明黃金和比特幣之間的戰鬥將進一步加劇。 Coinshares的數字資產基金流量每週截至3月7日的一周報告顯示，管理的總資產為1425億美元。

Despite the whipsawing nature of crypto prices and the recent decline in market capitalization, market watchers are aware that cryptocurrencies have demonstrated an uncanny potential to bounce back. Markets are hopeful of supportive regulatory environment and industry-friendly initiatives lifting market capitalization from the current level of $2.69 trillion.

儘管加密價格的性質和市場資本化最近下降的性質，但市場觀察家知道加密貨幣已經表現出了反彈的不可思議的潛力。市場希望有支持性的監管環境和行業友好的計劃將市值從當前2.69萬億美元的水平提升。

Bitcoin is currently trading at $83,176.23 edging up 0.2 percent on an overnight basis. Ethereum

比特幣目前的交易價格為83,176.23美元，隔夜上漲0.2％。以太坊