在美国 ETF 和机构采用的推动下，比特币飙升至主导地位

截至上周六，比特币在加密货币市场的主导地位已达到三年来的最高点 57％，表明对数字资产的强劲需求。这种主导地位的飙升归因于贝莱德和富达投资等发行人成功推出美国现货比特币 ETF，这些发行人已积累了约 560 亿美元的资产。流入这些 ETF 的资金推动 BTC 在 3 月中旬达到目前的历史新高 73,798 美元。

Bitcoin's Resurgence: Market Dominance Reaches Three-Year High, Driven by US ETF Success and Institutional Adoption

比特币的复苏：在美国 ETF 的成功和机构采用的推动下，市场主导地位达到三年来的新高

Bitcoin's dominance within the cryptocurrency market has surged to a three-year high, reaching nearly 55% of the total digital asset market capitalization. This surge signals a strong resurgence for Bitcoin and presents a challenging period for smaller tokens.

比特币在加密货币市场的主导地位已飙升至三年来的新高，达到数字资产总市值的近55%。这种激增标志着比特币的强劲复苏，并为较小的代币带来了一个充满挑战的时期。

US Bitcoin ETF Launches Propel Bitcoin's Rise

美国比特币ETF推出推动比特币上涨

The recent launch of US spot Bitcoin ETFs from prominent issuers such as BlackRock and Fidelity Investments has played a pivotal role in Bitcoin's resurgence. These ETFs have attracted approximately $56 billion in assets, marking one of the most successful debuts in fund category history.

贝莱德和富达投资等知名发行人最近推出的美国现货比特币 ETF 在比特币的复苏中发挥了关键作用。这些 ETF 吸引了约 560 亿美元的资产，成为基金类别历史上最成功的首次亮相之一。

The inflows into these ETFs have propelled Bitcoin to its current all-time high of $73,798 in mid-March. While Bitcoin has experienced a slight pullback since then, its dominance remains strong, indicating a shift in investor sentiment towards the largest cryptocurrency.

流入这些 ETF 的资金将比特币推升至 3 月中旬的历史新高 73,798 美元。尽管比特币此后经历了小幅回调，但其主导地位仍然强劲，表明投资者情绪转向最大的加密货币。

Smaller Tokens Under Pressure

压力下较小的代币

In contrast to Bitcoin's gains, smaller digital assets such as Avalanche (AVAX), Polkadot (DOT), and Chainlink (LINK) have faced notable declines of nearly 30% over the past month. This drop coincides with reduced expectations for a more dovish US monetary policy, which has often been linked to speculative gains in the cryptocurrency market.

与比特币的上涨形成鲜明对比的是，Avalanche (AVAX)、Polkadot (DOT) 和 Chainlink (LINK) 等规模较小的数字资产在过去一个月中出现了近 30% 的显着下跌。这一下降恰逢对美国货币政策更加鸽派的预期下降，而这种政策通常与加密货币市场的投机收益有关。

Institutional Investors Drive Bitcoin's Performance

机构投资者推动比特币的表现

Institutional investors' allocations to the US Bitcoin ETF have significantly influenced Bitcoin's outperformance relative to the rest of the market. Institutional demand remains a key driver, as evidenced by the influx of capital into these ETFs.

机构投资者对美国比特币 ETF 的配置极大地影响了比特币相对于市场其他产品的优异表现。机构需求仍然是一个关键驱动因素，资本涌入这些 ETF 就证明了这一点。

Hong Kong-Listed ETFs Boost Bitcoin and Ethereum

香港上市 ETF 提振比特币和以太坊

The announcement of asset managers preparing to launch Hong Kong-listed ETFs on Bitcoin and Ethereum further bolstered the crypto market. Bitcoin and Ethereum both experienced significant price jumps following this news, positively impacting the broader crypto market and lifting other notable tokens.

资产管理公司宣布准备推出在香港上市的比特币和以太坊 ETF，进一步提振了加密货币市场。此消息发布后，比特币和以太坊的价格均出现大幅上涨，对更广泛的加密货币市场产生了积极影响，并提振了其他著名代币。

Bloomberg Galaxy Crypto Index Rebounds from 2022 Bear Market

彭博银河加密货币指数从 2022 年熊市反弹

The Bloomberg Galaxy Crypto Index, which measures the performance of the largest digital assets traded in US dollars, has more than tripled since the beginning of last year. This marks a significant rebound from the bear market experienced in 2022, indicating a renewed confidence in the crypto sector.

衡量以美元交易的最大数字资产表现的彭博银河加密货币指数自去年年初以来已增长两倍多。这标志着从 2022 年经历的熊市中显着反弹，表明人们对加密货币行业的信心重拾。

Anticipation for Bitcoin Halving

比特币减半的预期

Investors and traders eagerly await the upcoming Bitcoin Halving, an event scheduled for around April 20th, which will cut the new supply of the token in half. Previous Halving events have historically acted as tailwinds for Bitcoin prices, although doubts remain about whether history will repeat itself given Bitcoin's recent all-time high achievement.

投资者和交易员热切等待即将到来的比特币减半，该事件定于 4 月 20 日左右举行，届时该代币的新供应量将减少一半。从历史上看，之前的减半事件一直是比特币价格的推动因素，尽管鉴于比特币最近创下的历史最高成就，人们仍然怀疑历史是否会重演。

Bitcoin Consolidates Above $66,000

比特币盘整至 66,000 美元以上

Bitcoin has maintained its position above the $66,000 level, consolidating in this range. However, it is important to note that losses have accumulated over longer time frames, with significant declines of over 21% and 24% experienced over the past fourteen and thirty days of trading, respectively.

比特币维持在 66,000 美元上方，并在此区间内盘整。然而，值得注意的是，损失是在较长时间内累积的，过去 14 天和 30 天的交易中分别出现了超过 21% 和 24% 的显着下跌。

Conclusion

结论

Bitcoin's resurgence to a three-year dominance high is a testament to the growing institutional adoption and demand for the largest digital asset. While smaller tokens face headwinds, the broader crypto market remains buoyed by bullish sentiment and anticipation of the upcoming Bitcoin Halving. Investors should exercise caution and conduct their own thorough research before making any investment decisions in this volatile and evolving market.

比特币重新升至三年来的主导地位，证明了机构对这一最大数字资产的采用和需求不断增长。尽管较小的代币面临阻力，但更广泛的加密市场仍然受到看涨情绪和对即将到来的比特币减半的预期的提振。在这个动荡且不断变化的市场中做出任何投资决定之前，投资者应谨慎行事并进行彻底的研究。