儘管面臨挑戰，比特幣的市場主導地位仍在增強

You can also read this news on COINTURK NEWS: Bitcoin’s Market Dominance Increases Despite Challenges

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Bitcoin‘s (BTC) dominance in the cryptocurrency market continues to increase despite its recent price drop, the upcoming block reward halving, and emerging reluctance against market risks. According to recent data, the price of the largest cryptocurrency is trading below the $61,400 threshold amid sales of risky assets caused by tough macroeconomic conditions, with its market dominance at 55.41%.

Bitcoin‘s (BTC) dominance in the cryptocurrency market continues to increase despite its recent price drop, the upcoming block reward halving, and emerging reluctance against market risks. According to recent data, the price of the largest cryptocurrency is trading below the $61,400 threshold amid sales of risky assets caused by tough macroeconomic conditions, with its market dominance at 55.41%.

Bitcoin’s Decline Hits Altcoins Hard

比特幣的下跌對山寨幣造成了沉重打擊

As Bitcoin faces significant challenges and falls, Layer 1 protocols and many other altcoins experience even steeper declines. Notably, major Layer 1 altcoins like Solana (SOL) have fallen over 20% in the last 7 days, while Avalanche (AVAX) dropped by 26%. Similarly, Cardano (ADA) fell by 23% and Filecoin (FIL) by 30%.

隨著比特幣面臨重大挑戰和下跌，第一層協議和許多其他山寨幣經歷了更嚴重的下跌。值得注意的是，Solana (SOL) 等主要 Layer 1 山寨幣在過去 7 天內下跌了 20% 以上，而 Avalanche (AVAX) 則下跌了 26%。同樣，Cardano (ADA) 下跌 23%，Filecoin (FIL) 下跌 30%。

Once highly favored, artificial intelligence altcoins also took their share of the market downturn. Data reveals that major AI altcoins have experienced double-digit declines over the last 7 days. Accordingly, popular AI altcoin Render Network’s RNDR fell by 13%, while Fetch.AI’s FET dropped by 24%.

曾經備受青睞的人工智慧山寨幣也在市場低迷中分一杯羹。數據顯示，主要人工智慧山寨幣在過去 7 天內出現了兩位數的跌幅。因此，流行的 AI 山寨幣渲染網路的 RNDR 下降了 13%，而 Fetch.AI 的 FET 下降了 24%。

Bitcoin’s Dominance in the Market Increases

Bitcoin’s Dominance in the Market Increases

The decline in Bitcoin and altcoins unsurprisingly led to an increase in the largest cryptocurrency‘s market dominance. Bitcoin’s dominance is known to serve as an important metric for detecting investor sentiment and trends in the altcoin market. Currently, Bitcoin’s dominance stands at 55.41%, having increased by approximately 1.35% over the last week and 2.5% over the last month.

比特幣和山寨幣的下跌毫不奇怪地導致了最大的加密貨幣的市場主導地位的增強。眾所周知，比特幣的主導地位是檢測投資者情緒和山寨幣市場趨勢的重要指標。目前，比特幣的主導地位為 55.41%，較上週增加了約 1.35%，比上個月增加了 2.5%。

Moreover, as the fourth block reward halving of Bitcoin approaches, searches for block reward halving on Google have significantly surpassed the interest during the 2020 halving, reaching an all-time high. According to data from Google Trends, searches for the block reward halving are considerably higher compared to Ethereum (ETH), Solana, or Dogecoin (DOGE).

此外，隨著比特幣第四次區塊獎勵減半的臨近，Google上對區塊獎勵減半的搜尋量明顯超過了2020年減半期間的興趣，達到歷史新高。根據Google趨勢的數據，與以太坊 (ETH)、Solana 或狗狗幣 (DOGE) 相比，對區塊獎勵減半的搜尋要高得多。

Experts consider that Bitcoin’s resilience amid increasing market uncertainties and high expectations for the block reward halving have contributed to its rising dominance in the cryptocurrency market. The sharp decline in altcoins indicates that investors and traders are turning to Bitcoin for protection.

專家認為，在市場不確定性增加和對區塊獎勵減半的高預期下，比特幣的彈性使其在加密貨幣市場的主導地位不斷上升。山寨幣的急劇下跌表明投資者和交易者正在轉向比特幣尋求保護。