Bitcoin price rose above $103,000 on Saturday, nearing a three-month high and leading a broad rally in cryptocurrencies as macro sentiment improved and Ethereum completed its latest network upgrade.

週六，比特幣價格上漲了103,000美元，近三個月高，並在宏觀情緒得到改善的情況下領先加密貨幣，以太坊完成了最新的網絡升級。

Dogecoin (DOGE) was a top performer among major altcoins, surging more than 10%, while ether (ETH) gained 3.5% after the successful implementation of the Pectra upgrade brought its weekly gains to over 30%.

Dogecoin（Doge）是主要山寨幣中表現最好的表現，飆升超過10％，而Ether（ETH）在成功實施Pectra升級後每週增長到30％以上。

Solana (SOL), Cardano (ADA), xrp (XRP) and BNB Chain’s BNB were also up 2-6% as investor flows turned from largely neutral to increasingly risk-on.

隨著投資者的流量從很大程度上中性變為越來越大的風險，Solana（Sol），Cardano（ADA），XRP（XRP）和BNB鏈的BNB也增加了2-6％。

The move follows a series of pro-crypto developments in the U.S. This week, New Hampshire passed a bill allowing the state to create a strategic Bitcoin reserve. Arizona followed a day later with its own legislation supporting a crypto reserve. The state-level momentum comes as political leaders factor digital asset policy more heavily ahead of the November election.

此舉是在本週在美國進行的一系列親克賴普托開發項目之後，新罕布什爾州通過了一項法案，允許該州創建戰略性的比特幣儲備。一天后，亞利桑那州緊隨其後的是其自己的立法，支持加密保護區。隨著政治領導人的數字資產政策在11月大選之前更加嚴重，國家級別的勢頭是出現的。

President Donald Trump’s bullish remarks on upcoming U.S.-China trade talks also helped to ease market jitters. The comments came alongside the U.S. and U.K. signing a new trade agreement that will remove reciprocal tariffs and lower duties on American goods - further lifting sentiment across equities and crypto.

唐納德·特朗普總統關於即將舉行的美國 - 中國貿易談判的看漲言論也有助於緩解市場的煩惱。這些評論與美國和英國簽署了一項新的貿易協定，該協議將消除對美國商品的相互關稅和降低關稅 - 跨股票和加密貨幣的進一步提升情緒。

“President Trump’s optimistic outlook on this weekend’s China trade talks is easing fears of an escalating trade war, encouraging traders to capitalise on asset classes like cryptocurrencies,” said Jeff Mei, COO at BTSE, in a message to CoinDesk. “This could very well drive Bitcoin towards its all-time high and potentially surpass it.”

BTSE的首席運營官傑夫·梅（Jeff Mei）表示：“特朗普總統對本週末的中國貿易談判的樂觀前景使人們對貿易戰不斷升級，鼓勵貿易商利用加密貨幣等資產類別。” “這很可能會將比特幣驅動到歷史最高水平，並可能超過它。”

BTC was up about 5% from European morning hours on Saturday, and is now trading about 10% below its January record high of over $108,700.

BTC比周六的歐洲早上時間增長了約5％，現在的交易低於其1月份的紀錄高度超過108,700美元。

Analysts say the recent moves mark a decisive break from the sluggish price action that plagued altcoins through much of March and April.

分析人士說，最近的舉動標誌著在3月和4月的大部分時間裡困擾著山寨幣的低價行動的決定性突破。

“Traders believe the crypto industry may have finally found its second wind as a hedge against market uncertainty,” Nick Ruck, director at LVRG Research, told CoinDesk in a Telegram chat. “Investors are changing their perspectives on crypto now that altcoins have departed from a negative trend and found buying pressure from a renewed risk-on sentiment,” Ruck added.

LVRG Research的董事尼克·魯克（Nick Ruck）在電報聊天中對Coindesk說：“交易者認為加密貨幣行業可能最終發現了第二種風作為對沖市場不確定性的對沖。” Ruck補充說：“由於Altcoins已經偏離了負面趨勢，並發現重新購買的風險情緒的壓力，因此投資者正在改變對加密貨幣的看法。”

Ethereum's 30% rally this week is also being attributed to increasing institutional interest and the momentum behind its Pectra upgrade, which brings long-awaited execution layer reforms to improve efficiency and scalability.

以太坊本週的30％集會也歸因於機構利益的增加以及其Pectra升級背後的動力，這帶來了期待已久的執行層改革以提高效率和可擴展性。

“The upgrade provides reforms Ethereum desperately needs to cement its position as a leading chain amidst growing competition,” BTSE’s Mei said. “Given that Ethereum is trading well below its all-time high, we could see substantial upside in the coming weeks and months, especially as macro fears ease and institutions become more willing to allocate towards crypto and crypto ETFs.”

BTSE的MEI說：“升級提供了以太坊在不斷增長的競爭中迫切需要鞏固其作為領先連鎖店的地位的改革。” “鑑於以太坊的交易遠低於其歷史最高水平，我們可以在接下來的幾周和幾個月中看到大量上漲空間，尤其是隨著宏觀擔憂的輕鬆和機構變得更加願意分配給加密和加密ETF。”

Still, traders will be closely monitoring this weekend’s U.S.-China trade negotiations. Talks are set to begin later on Saturday in Switzerland, and any signs of deadlock or renewed tension could derail the current rally.

儘管如此，交易者仍將密切監視本週末的美國 - 中國貿易談判。會談定於週六晚些時候在瑞士開始，任何僵局或新的緊張局勢的跡像都可能使當前的集會脫軌。