加密货币正在以柔和的音符进行交易，即使黄金集结以扩大新的峰值。

Gold的新鲜最高时期和比特币的呆滞之处在于越来越多的风险规避和对美联储降低降低税率的期望不断上升。

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

加密货币正在以柔和的音符进行交易，即使黄金集结以扩大新的峰值。

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的新鲜最高时期和比特币的呆滞之处在于越来越多的风险规避和对美联储降低降低税率的期望不断上升。

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在一夜之间集结了0.12％，以每盎司2,992.57美元的价格进行交易。当天的交易范围在2,980.93美元至3,004.95美元之间，而52周的交易范围在2,146.05美元之间，范围为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.

黄金期货（4月份定居点）在一夜之间也跃升了0.46％，达到3,005.11美元。当天的交易范围在2,994.4美元至3,017.11美元之间，而在52周期间，交易范围在2,149.2至3,017.11美元之间。

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.

在过去的24小时内，比特币以83,176.23美元的价格上涨0.2％。比特币在过去24小时内的高价在83,736.09美元之间，低点为79.931.85美元，在过去的52周中，比特币在过去24小时内的高点和$ 109,114.88的高价和49,121.24美元的高价。

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.

黄金和比特币之间的对比和竞争无疑在2025年加剧了。激烈的竞争有可能将其变成金融界至高无上的最大战斗之一。

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.

几个世纪以来，黄金一直是不确定性期间的价值存储。黄金享受的目前的20.2万亿美元市值归因于这种遗产需求。尽管如此，2008年揭幕的比特币已经能够通过上升到市值为2.02万亿美元的峰值市值来挑战黄金的霸权。市值目前为1.6万亿美元。

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.

黄金期货从一年到日期飙升了13.9％。贸易关税阵线上空前的湍流，持续存在的地缘政治紧张局势和新的速度降低希望有助于黄金金属的价格上涨。归因于中央银行的侵略性购买也有助于黄金价格飞涨。相比之下，随着市场与新美国政府相比，比特币一年一度地降低了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.

在黄金和比特币之间持续的竞争中，围绕现实世界资产的数字化或令牌化的叙述也越来越多。这涉及建立集中在现实世界资产上的加密货币，这些资产代表了区块链之外的物理或金融资产，例如房地产，债券，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.

随着现实世界中的代币化的前景，实际上是在链上带来链链资产，人们的聚光灯也已经打开了诸如黄金和白银等贵金属。黄金的令牌化允许分数所有权和更容易的交易。目前，令牌化的黄金类别包括5个由CoinMarketCap.com排名的加密货币。其中包括第89位PAX Gold（PAXG），第77位排名系绳金（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.

这些加密货币中的大多数在2025年的逐年逐渐增长。尽管隔夜增长近35％，但GPRO的交易额度为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.

基于数字资产的投资产品的机构投资不断增长，这表明黄金和比特币之间的战斗将进一步加剧。 Coinshares的数字资产基金流量每周截至3月7日的一周报告显示，管理的总资产为1425亿美元。

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.

尽管加密价格的性质和市场资本化最近下降的性质，但市场观察家知道加密货币已经表现出了反弹的不可思议的潜力。市场希望有支持性的监管环境和行业友好的计划将市值从当前2.69万亿美元的水平提升。

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

比特币目前的交易价格为83,176.23美元，隔夜上涨0.2％。以太坊