比特币（BTC）周一反映了上周的攀升至87,000美元

这次的攀登是由唐纳德·特朗普（Donald Trump）总统即将到来的关税的报道，这为新高高奠定了基础，这是由乐观的驱动。

Bitcoin (BTC) price mirrored last week’s climb to $87,000 on Monday, but this time, the push was fueled by optimism following reports that President Donald Trump’s forthcoming tariffs, set to be announced on April 2, may be more targeted and less restrictive than initially anticipated.

比特币（BTC）的价格反映了上周的攀升至周一的87,000美元，但是这次，在报道称唐纳德·特朗普（Donald Trump）即将在4月2日宣布的关税的报道之后，这次推动了推动力，这可能是针对性和限制性的，比最初预期的要少。

As Bitcoin approached the $90,000 mark, BitMEX co-founder Arthur Hayes predicted that BTC could surpass its all-time high without first retesting the $76,500 support level.

随着比特币接近$ 90,000的分数，Bitmex联合创始人Arthur Hayes预测，BTC可以超过其历史最高高，而无需首先重新测试$ 76,500的支持水平。

The more palpable bullish vibe at the start of the week has also been reflected in a new token presale that has seen more substantial funds channeled into its fundraising campaign to reach a total funding of $4 million. BTC Bull Token ($BTCBULL), the first project that rewards its holders with Bitcoin airdrops, is aiming for even greater heights with its next presale stage.

本周开始时更明显的看涨氛围也反映在新的代币预售中，该预售已经使更多的资金投入到其筹款活动中，以达到400万美元的总资金。 BTC Bull Token（$ btcbull）是第一个用比特币Airdrops奖励其持有人的项目，其目标是在下一个预售阶段更高的高度。

If Bitcoin continues its upward trajectory and breaks key price targets, $BTCBULL holders stand to receive Bitcoin payouts, effectively giving them a passive income stream similar to owning crypto mining operations.

如果比特币继续向上轨迹并破坏了关键价格目标，则$ btcbull持有人将获得比特币支出，有效地为他们提供了类似于拥有加密货币采矿业务的被动收入流。

For those looking to secure a position in this project, $BTCBULL is available at $0.002425 for the next 24 hours before the presale advances to its next stage, which will increase the token’s price.

对于那些希望在该项目中获得职位的人来说，在预售前进到下一阶段之前的接下来的24小时内，$ btcbull的价格为0.002425美元，这将提高令牌的价格。

Policy Shifts and Liquidity Boosts Could Drive Bitcoin’s Price Higher

政策转变和流动性提高可能会使比特币的价格更高

In the past 24 hours, Bitcoin’s trading volume surged by 120.27%, reaching approximately $20.43 billion, while its market capitalization climbed 3.58% to $1.73 trillion.

在过去的24小时内，比特币的交易量飙升了120.27％，达到约204.3亿美元，而其市值攀升了3.58％，至1.73万亿美元。

Bitcoin isn't alone in this upward push - other major assets have followed suit since reports emerged on Sunday about Trump potentially adopting a softer tariff stance. Ethereum (ETH), Ripple (XRP), and Solana (SOL) have climbed 9.85%, 4.93%, and 8.93%, respectively.

比特币并不孤单地向上推动 - 自从报道周日出现有关特朗普可能采取较软的关税立场以来，其他主要资产也效仿了。以太坊（ETH），Ripple（XRP）和Solana（Sol）分别攀升了9.85％，4.93％和8.93％。

While Trump's proposed tariffs are now seen as less restrictive, there's still concern that they could push inflation higher. However, Hayes has suggested this inflationary pressure may be transitory - a key argument in his belief that the Federal Reserve could pivot from quantitative tightening (QT) back to quantitative easing (QE).

尽管现在认为特朗普提议的关税是不太限制的，但仍然担心他们可能会推动通货膨胀率更高。但是，海斯提出这种通货膨胀压力可能是短暂的 - 他认为，美联储可以从定量拧紧（QT）转移到定量宽松（QE）（QE）中的关键论点。

I bet $BTC hits $110k before it retests $76.5k.

我敢打赌，$ btc的价格为$ 110k，然后重新测试$ 76.5k。

Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause “transitory inflation”. JAYPOW told me so.

是的？美联储从QT到量化宽松的国债。关税无关紧要导致“暂时通货膨胀”。杰普（Jaypow）告诉我。

I’ll expound on that in my next essay, that’s the TLDR for your TikTok peanut brain.

我将在下一篇文章中阐述这一点，这是您Tiktok花生大脑的TLDR。

I bet $BTC hits $110k before it retests $76.5k.

我敢打赌，$ btc的价格为$ 110k，然后重新测试$ 76.5k。

Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause "transitory inflation". JAYPOW told me so.

是的？美联储从QT到量化宽松的国债。关税无关紧要，原因是“暂时通货膨胀”。杰普（Jaypow）告诉我。

I’ll expound on that in my next essay, that’s the TLDR for your TikTok peanut brain.

我将在下一篇文章中阐述这一点，这是您Tiktok花生大脑的TLDR。

— Arthur Hayes (@CryptoHayes) March 24, 2025

- 亚瑟·海斯（@cryptohayes）2025年3月24日

Historically, such a policy shift has been a bullish trigger for Bitcoin, reinforcing Hayes's view that BTC could surpass its previous all-time high. But Hayes doesn't just see Bitcoin breaking records - he believes it could push beyond $110,000 and potentially reach $200,000 in 2025.

从历史上看，这种政策转变一直是比特币的看涨触发因素，这加剧了海斯的观点，即BTC可以超过其以前的历史最高水平。但是海斯不仅看到比特币的破坏记录 - 他认为它可能会超过110,000美元，并在2025年可能达到200,000美元。

Hayes also points to the possibility of an SLR (Supplementary Leverage Ratio) exemption returning as another liquidity catalyst that could propel Bitcoin further. The SLR exemption, which was temporarily introduced in 2020, allowed banks to exclude U.S. Treasuries and deposits at the Federal Reserve from their leverage calculations, which effectively freed up capital for lending and investment. A reinstatement of this exemption could inject additional liquidity into financial markets, indirectly benefiting Bitcoin.

海耶斯还指出了SLR（补充杠杆比率）豁免的可能性，该豁免是另一种可以进一步推动比特币的流动性催化剂。 SLR豁免于2020年临时引入，允许银行将美联储的国库和存款排除在其杠杆计算之外，这有效地释放了用于贷款和投资的资本。恢复这种豁免可以将额外的流动性注入金融市场，间接使比特币受益。

These bullish catalysts align with Strategy founder Michael Saylor's view that Bitcoin's growth is closely tied to the expanding global M2 money supply. With global M2 expected to exceed $109 trillion, with the U.S. M2 in particular projected to rise from roughly $21.5 trillion in January to $22 trillion by year-end, Bitcoin appears poised to follow suit.

这些看涨的催化剂与战略创始人迈克尔·赛勒（Michael Saylor）的观点相吻合，即比特币的增长与不断扩大的全球M2货币供应密切相关。全球M2预计将超过1009万亿美元，尤其是美国M2的预计将从1月份的大约21.5万亿美元上升到年终的22万亿美元，比特币似乎准备效仿。

Global liquidity is at a new ATH.

全球流动性正在新的ATH。

The next Bitcoin bull market is about to begin. pic.twitter.com/soh4sh632Y

下一个比特币牛市即将开始。 pic.twitter.com/soh4sh632y

— Michael Saylor⚡️Founder of Strategy (Fan Account) (@SaylorBu BuysBTC) March 19, 2025

- 迈克尔·塞勒（Michael Saylor）策略（Fan帐户）（@saylorbu BuysBTC）2025年3月19日

As always, Saylor backs his words with action. His latest show of confidence came through Strategy's recent $711 million capital raise via its Perpetual Strife Preferred Stock - funds earmarked for additional Bitcoin purchases.

与往常一样，Saylor采取行动来支持他的话。他最新的信心表演来自战略最近通过其永久纠纷优先股票的71.11亿美元筹集的资金 - 用于额外购买的资金。

The bullish sentiment isn't just speculation - it's

看涨的情绪不仅是猜测 - 它是