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.

周六，比特币价格上涨了103,000美元，近三个月高，并在宏观情绪得到改善的情况下领先加密货币，以太坊完成了最新的网络升级。

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）是主要山寨币中表现最好的表现，飙升超过10％，而Ether（ETH）在成功实施Pectra升级后每周增长到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.

随着投资者的流量从很大程度上中性变为越来越大的风险，Solana（Sol），Cardano（ADA），XRP（XRP）和BNB链的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.

此举是在本周在美国进行的一系列亲克赖普托开发项目之后，新罕布什尔州通过了一项法案，允许该州创建战略性的比特币储备。一天后，亚利桑那州紧随其后的是其自己的立法，支持加密保护区。随着政治领导人的数字资产政策在11月大选之前更加严重，国家级别的势头是出现的。

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.

唐纳德·特朗普总统关于即将举行的美国 - 中国贸易谈判的看涨言论也有助于缓解市场的烦恼。这些评论与美国和英国签署了一项新的贸易协定，该协议将消除对美国商品的相互关税和降低关税 - 跨股票和加密货币的进一步提升情绪。

“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的首席运营官杰夫·梅（Jeff Mei）表示：“特朗普总统对本周末的中国贸易谈判的乐观前景使人们对贸易战不断升级，鼓励贸易商利用加密货币等资产类别。” “这很可能会将比特币驱动到历史最高水平，并可能超过它。”

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比周六的欧洲早上时间增长了约5％，现在的交易低于其1月份的纪录高度超过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.

分析人士说，最近的举动标志着在3月和4月的大部分时间里困扰着山寨币的低价行动的决定性突破。

“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·鲁克（Nick Ruck）在电报聊天中对Coindesk说：“交易者认为加密货币行业可能最终发现了第二种风作为对冲市场不确定性的对冲。” Ruck补充说：“由于Altcoins已经偏离了负面趋势，并发现重新购买的风险情绪的压力，因此投资者正在改变对加密货币的看法。”

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.

以太坊本周的30％集会也归因于机构利益的增加以及其Pectra升级背后的动力，这带来了期待已久的执行层改革以提高效率和可扩展性。

“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说：“升级提供了以太坊在不断增长的竞争中迫切需要巩固其作为领先连锁店的地位的改革。” “鉴于以太坊的交易远低于其历史最高水平，我们可以在接下来的几周和几个月中看到大量上涨空间，尤其是随着宏观担忧的轻松和机构变得更加愿意分配给加密和加密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.

尽管如此，交易者仍将密切监视本周末的美国 - 中国贸易谈判。会谈定于周六晚些时候在瑞士开始，任何僵局或新的紧张局势的迹象都可能使当前的集会脱轨。