加密貨幣市場作為替代數字貨幣的強勁增長

加密貨幣市場作為替代性數字貨幣（通常稱為altcoins）的表現優於比特幣，經歷了強烈的上升。

The cryptocurrency market experienced a strong upswing on Monday, March 24, as alternative digital currencies, commonly known as altcoins, outperformed Bitcoin in a broad-based rally.

加密貨幣市場在3月24日星期一的強勁上升，因為替代性數字貨幣（通常稱為Altcoins）在基於廣泛的集會中的表現優於比特幣。

Among the top-performing altcoins, Solana (SOL) surged as much as 11%, Dogecoin (DOGE) climbed approximately 8%, and Avalanche (AVAX) registered an 8% increase.

在表現最佳的山寨幣中，Solana（Sol）飆升了多達11％，Dogecoin（Doge）攀升了約8％，而Avalanche（Avax）增長了8％。

Meanwhile, Bitcoin (BTC) rose by 4.3%, reaching a two-week high of $88,786.

同時，比特幣（BTC）上升了4.3％，達到了兩周高的88,786美元。

The shift in U.S. tariff policies appeared to be a major factor driving the recent movements in the crypto market.

美國關稅政策的轉變似乎是推動加密貨幣市場最近移動的主要因素。

Signs of more targeted tariffs emerged, leading to reduced demand for traditional safe-haven assets, such as gold and U.S. Treasury bonds. Consequently, investors shifted their attention to riskier assets, including cryptocurrencies, in search of higher returns.

出現了更有針對性的關稅的跡象，導致對傳統避風港資產的需求減少，例如黃金和美國財政債券。因此，投資者將注意力轉移到了包括加密貨幣在內的風險較高的資產上，以尋求更高的回報。

Bitcoin, often dubbed “digital gold,” usually benefits from economic uncertainty and inflationary pressures. However, with the market perceiving less immediate risk from trade tensions, the rotation toward altcoins became more pronounced.

比特幣通常被稱為“數字黃金”，通常受益於經濟不確定性和通貨膨脹壓力。但是，隨著市場認為貿易緊張局勢的直接風險較小，向山寨幣的輪換變得更加明顯。

These tokens, boasting smaller market capitalizations and potentially greater growth potential, tended to attract speculative investors who might prefer higher yields during bullish phases.

這些代幣具有較小的市值和潛在的增長潛力，往往會吸引投機性投資者，這些投資者更喜歡看漲期間的收益率更高。

During bullish market stretches, altcoins have historically shown the ability to outperform Bitcoin, especially in risk-on environments.

在看漲的市場延伸期間，山寨幣歷史上已經表明了勝過比特幣的能力，尤其是在風險環境中。

However, this trend comes with significant volatility, as these tokens also tend to suffer steeper declines during market downturns.

但是，這一趨勢具有大量波動，因為這些令牌在市場衰退期間也往往會遭受急劇下降。

Solana, recognized for its fast and low-cost transactions, has been increasingly preferred by memecoin issuers, further solidifying its position as a go-to blockchain for new token launches.

索拉納（Solana）以其快速和低成本的交易而聞名，越來越多地受到Memecoin發行人的喜好，進一步鞏固了其作為新代幣發射的首選區塊鏈的地位。

Dogecoin, the original meme cryptocurrency, continues to exhibit strong market performance, largely fueled by retail enthusiasm and potential integrations into mainstream financial ecosystems.

原始的模因加密貨幣Dogecoin繼續表現出強大的市場表現，這在很大程度上是由於零售熱情和潛在的一體化與主流金融生態系統的融合所推動的。

Avalanche, another high-performance blockchain network, has seen increased adoption due to its speed and scalability.

另一個高性能區塊鍊網絡Avalanche由於其速度和可擴展性而增加了採用。

A crucial indicator of market sentiment is the recent change in institutional capital flows into Bitcoin exchange-traded funds (ETFs).

市場情緒的關鍵指標是機構資本流入比特幣交易所交易基金（ETF）的最新變化。

For five consecutive weeks, Bitcoin ETFs saw net outflows, indicating that more institutional investors were selling their Bitcoin holdings than buying.

連續五個星期，比特幣ETF看到淨流出，表明更多的機構投資者出售其比特幣持有量，而不是購買。

Nevertheless, this trend reversed on Monday, March 24, as inflows returned, according to QCP Capital, a crypto asset trading firm. This marks a potential turning point that could restore confidence in Bitcoin’s medium-to-long-term trajectory.

儘管如此，根據加密資產貿易公司QCP Capital的數據，隨著流入的返回，這種趨勢在3月24日星期一逆轉。這標誌著一個潛在的轉折點，可以恢復對比特幣中期軌蹟的信心。

ETFs provide a regulated and SEC-approved avenue for institutional investors to gain exposure to Bitcoin without needing to directly hold the cryptocurrency, which is typically required for participation in the decentralized crypto ecosystem.

ETF為機構投資者提供了受規律的和SEC批准的大道，以便在無需直接持有加密貨幣的情況下獲得對比特幣的暴露，這通常是參與分散的加密生態系統所必需的。

The return of institutional capital signals renewed interest in Bitcoin as an investable asset, particularly among longer-term holders who may view the recent price dip as a buying opportunity.

機構資本的回報信號將對比特幣的利息恢復為可投資資產，尤其是在長期持有人可能將最近的價格下跌視為購買機會的長期持有人中。

Crypto trading expert Kirill Kretov from CoinPanel expressed caution against overinterpreting the recent rally.

來自Coinpanel的加密貨幣貿易專家Kirill Kretov表示謹慎地說明過度解釋最近的集會。

“While markets are flashing green today—especially led by altcoins—there’s little beneath the surface to support a real shift in momentum,” Kretov stated. “From a broader view, this looks more like a short-term relief bounce than the start of something meaningful.”

克雷托夫說：“雖然當今市場閃爍著綠色，尤其是由Altcoins領導的綠色，但在地面以下很少，可以支持動量的真正轉變。” “從更廣泛的角度來看，這看起來更像是短期的浮雕，而不是有意義的事情的開始。”

Despite the recent price surge, Bitcoin remains approximately 20% below its all-time high, which was reached on the day former U.S. President Donald Trump was inaugurated for a second term in a surprising turn of events.

儘管最近的價格飆升，比特幣仍比其歷史最高高的比特幣低約20％，這是在美國前總統唐納德·特朗普（Donald Trump）在令人驚訝的事件轉變的那一天達到的。

This decline has led some traders to question whether the market’s upward momentum can be sustained for an extended period.

這種下降使一些交易者質疑市場的上升勢頭是否可以長期維持。