增長穩定幣對比特幣和加密價格的影響

加密和美國股票市場開始了本週最糟糕的音符，對中國AI平台DeepSeek的推出產生了負面反應。

The crypto and US equities markets had a mixed start to the week, reacting differently to the launch of the Chinese AI platform DeepSeek. While the stock markets opened the week in the green, crypto prices reacted negatively to the news, with the Bitcoin price dropping below the $100,000 level on Monday.

加密貨幣和美國股票市場本週的起點不同，對中國AI平台DeepSeek的推出有所不同。當股票市場以綠色開放一周，加密價格對新聞的反應負面反應，比特幣的價格下跌以下是周一的100,000美元水平。

However, the Bitcoin price has since recovered and returned above the $100,000 level, moving mostly sideways to close the week. According to a recent on-chain report, liquidity on centralized exchanges has reached a new record high, suggesting that crypto bulls now have increased buying power.

但是，自那以後，比特幣價格已經恢復並返回了100,000美元的水平，主要側面偏向一周。根據最近的一份鏈報告，集中交流的流動性達到了新的紀錄，這表明加密公牛現在已經增加了購買力。

The question is — can this fresh buying power push the Bitcoin price to a new high?

問題是 - 這種新鮮的購買力能否將比特幣價格提高到新的高價？

Impact Of Growing Stablecoins On Crypto PricesIn its latest weekly report, blockchain intelligence firm CryptoQuant revealed liquidity in the crypto market has experienced a significant boost since the US Presidential election in November 2024. Liquidity in crypto is measured by the total value of circulating stablecoins, which recently reached a new all-time high.

自2024年11月美國總統大選以來，加密貨幣市場的加密貨幣公司在其最新的每週報告中對加密貨幣價格的影響對加密貨幣市場的流動性的影響很大。最近達到了新的歷史最高水平。

According to data from CryptoQuant, the market capitalization of dollar-backed stablecoins surpassed the $200 billion mark last week and is currently at $204 billion, a record high. This value represents an over 22% expansion since Donald Trump’s victory in the US elections.

根據CryptoQuant的數據，上周美元支持的Stablecoins的市值超過了2000億美元的大關，目前為2040億美元，創紀錄的高度。自唐納德·特朗普（Donald Trump）在美國大選中勝利以來，這個價值超過22％。

One major contributor to this growth is Tether’s USDT, which accounts for nearly 70% of the USD-denominated stablecoin market. USDT’s market cap currently stands at around $139 million, reflecting a 15% increase since November last year.

Tether的USDT是造成這種增長的主要貢獻者，該公司佔以USD計價的Stablecoin市場的近70％。 USDT的市值目前約為1.39億美元，反映出自去年11月以來增長了15％。

Interestingly, this expansion has been mirrored in the stablecoin balances of centralized exchanges, with the total amount of USDT on these trading platforms now at record levels. CryptoQuant revealed that the market cap of USDT on centralized crypto exchanges has increased from $30.5 billion to $43 billion in the past three months, representing a 41% increase.

有趣的是，這種擴展在集中交流的穩定餘額中反映了，現在這些交易平台上的總量在創紀錄的水平上。 CryptoQuant透露，在過去三個月中，集中式加密交易所的USDT市值已從300億美元增加到430億美元，增長了41％。

Dollar-backed stablecoins are an important source of liquidity for trading on centralized exchanges. Hence, an expansion in the stablecoin supply of exchanges implies an increase in the buying power of crypto investors.

美元支持的Stablecoins是集中交易的重要流動性來源。因此，交易所供應的穩定供應的擴展意味著加密投資者的購買力增加。

“The next leg up for Bitcoin and crypto prices could be around the corner, as the stablecoin liquidity impulse starts to expand again,” CryptoQuant noted. Moreover, a growing stablecoin market cap — especially on centralized exchanges — is historically correlated with higher Bitcoin prices.

CryptoQuant指出：“隨著Stablecoin流動性衝動再次擴大，比特幣和加密價格的下一個領域可能會臨近。”此外，歷史上不斷增長的Stablecoin市值（尤其是在集中式交易所）與比特幣價格更高相關。

CryptoQuant added:

加密添加：

USDT’s liquidity impulse (30-day % change in market capitalization) is now slightly positive after contracting by 2% at the start of 2025. A further acceleration typically drives crypto prices higher. Meanwhile, USDC’s liquidity impulse is expanding by 20%, its fastest pace in at least a year.

USDT的流動性衝動（市值的30天％變化）在2025年初收縮了2％後，現在略有陽性。進一步的加速通常會使加密貨幣價格提高。同時，USDC的流動性衝動增長了20％，至少一年來最快的速度。

Bitcoin Price At A GlanceAs of this writing, Bitcoin is valued at around $102,400, reflecting an almost 2% decline in the past 24 hours.

比特幣的價格在撰寫本文中，比特幣的價值約為102,400美元，反映了過去24小時下降近2％。