比特幣（BTC）與其他加密貨幣的競爭

我們最近編制了 10 種最值得立即購買的加密貨幣的清單。在本文中，我們將看看比特幣（BTC）相對於其他加密貨幣的立場。

Cryptocurrency is one of the most volatile markets as it mainly derives its value from Bitcoin (BTC), which is the biggest cryptocurrency. Bitcoin has almost 54% share of the crypto market with a market capitalization of $1.33 trillion, as of July 20. The market move depends on the overall movement of Bitcoin. Whereas, cryptocurrencies such as Ethereum (ETH) and XRP (XRP) are considered alternatives to Bitcoin and they sometimes tend to move opposite to Bitcoin. In addition, cryptos such as Ethereum and XRP have unique features and use cases. For instance, XRP’s money transfer network, Ripple, serves the financial services industry's needs. XRP’s Ripple has collaborations with Banco Santander, S.A. (NYSE:SAN), Canadian Imperial Bank of Commerce (NYSE:CM), and Kotak Mahindra Bank Limited (NSE:KOTAKBANK), among others. These are some of the leading banks that use XRP’s RippleNet for swift, low transaction cost, and versatile exchange network transfer technology.

加密貨幣是最不穩定的市場之一，因為它的價值主要來自最大的加密貨幣比特幣（BTC）。截至 7 月 20 日，比特幣佔據加密貨幣市場近 54% 的份額，市值為 1.33 兆美元。然而，以太幣（ETH）和瑞波幣（XRP）等加密貨幣被認為是比特幣的替代品，有時它們往往與比特幣相反。此外，以太坊和 XRP 等加密貨幣具有獨特的功能和用例。例如，XRP 的匯款網路 Ripple 可以滿足金融服務業的需求。 XRP 的 Ripple 與桑坦德銀行 (NYSE:SAN)、加拿大帝國商業銀行 (NYSE:CM) 和 Kotak Mahindra Bank Limited (NSE:KOTAKBANK) 等都有合作。這些是一些領先的銀行，它們使用 XRP 的 RippleNet 來實現快速、低交易成本和多功能的交換網路傳輸技術。

Around 13.7% of the population in the US owned cryptocurrencies in 2022, according to the US International Trade Commission. The US is one of the leading countries with the highest cryptocurrency adoption. In April 2023, there were almost 420 million global cryptocurrency users.

根據美國國際貿易委員會的數據，到 2022 年，約 13.7% 的美國人口擁有加密貨幣。美國是加密貨幣採用率最高的主要國家之一。 2023年4月，全球加密貨幣用戶接近4.2億。

Crypto Market Overview

加密貨幣市場概覽

The cryptocurrency market capitalization stood at $2.40 trillion, as of July 20, 2024. The crypto market capitalization was less than half a year ago, around $1.20 trillion, as of July 20, 2023. On January 1, 2024, the market cap had surged to $1.66 trillion. The surge in the crypto market was because of the rise of Bitcoin, mainly driven by the approval of Bitcoin Spot Exchange Traded Funds (ETFs) by the US SEC and the Bitcoin halving event. These major developments have injected a new bullish sentiment among investors. The difference can be seen with the increase in the trading volume of cryptocurrencies. As per Coinmarketcap, the trading volume of cryptocurrencies was around $84 billion on July 20, 2024, compared to $36 billion a year ago.

截至 2024 年 7 月 20 日，加密貨幣市值為 2.40 兆美元。 1.66 兆美元。加密市場的飆升是因為比特幣的崛起，主要是由美國 SEC 批准比特幣現貨交易所交易基金（ETF）和比特幣減半事件推動的。這些重大事態發展為投資者註入了新的看漲情緒。隨著加密貨幣交易量的增加可以看出差異。根據 Coinmarketcap 的數據，2024 年 7 月 20 日，加密貨幣的交易量約為 840 億美元，而一年前為 360 億美元。

Bitcoin halving is an important event that reduces the rate of issuance of new BTC and the rewards for successful bitcoin miners are cut in half. Almost 21 million Bitcoins will ever be produced and halving reduces amount of new supply of BTC which impacts the rate of new BTC coins. On April 20, the fourth Bitcoin halving took place. The immediate impact of the halving is felt by miners, who experience the block rewards cut in half. According to an analyst, Megan Stals, “Bitcoin trading volume generally sees the most significant increase in the 60 days prior to halvings, as interest builds and prices gain momentum.”

比特幣減半是一個重要事件，它降低了新比特幣的發行速度，成功的比特幣礦工的獎勵也減少了一半。比特幣將生產近 2,100 萬枚，減半將減少 BTC 的新增供應量，進而影響新 BTC 硬幣的產生速度。 4月20日，比特幣第四次減半。礦工們感受到了減半的直接影響，他們的區塊獎勵減少了一半。分析師 Megan Stals 表示，“隨著興趣的增加和價格的上漲，比特幣交易量通常會在減半前的 60 天內出現最顯著的增長。”

Bitcoin and Ethereum have experienced a slight improvement in their market dominance. On January 1, 2024, Bitcoin and Ethereum had a dominance of 52.08% and 16.50%, respectively. On July 20, 2024, Bitcoin dominated with almost 54% and Ethereum dominated with a 17% share. The Coinmarketcap Crypto Fear and Greed index shows a score of 60.06 compared to 67.58 on January 1, 2024. The CMC Crypto Fear and Greed Index by Coinmarketcap indicates the market buying and selling sentiment. A score closer to 0 means an extreme market fear and shows investors have oversold irrationally, while a score closer to 100 means an extremely greedy market and indicates a potential market correction. The score of 60.06 signals a slightly greedy market, however, it is to be noted that it is below the score of 67.58, at the beginning of the year when the market started a bull run.

比特幣和以太坊的市場主導地位略有改善。 2024 年 1 月 1 日，比特幣和以太坊的主導地位分別為 52.08% 和 16.50%。 2024 年 7 月 20 日，比特幣佔據了近 54% 的份額，以太坊佔據了 17% 的份額。 Coinmarketcap 加密貨幣恐懼和貪婪指數的得分為 60.06，而 2024 年 1 月 1 日為 67.58。接近0的分數意味著市場極度恐懼，顯示投資者非理性超賣，而接近100的分數意味著市場極度貪婪，顯示市場可能出現回檔。 60.06 的分數顯示市場略顯貪婪，但值得注意的是，該分數低於年初市場開始牛市時的 67.58 分數。

Mark Cuban recently pointed out that if the US dollar declines as the global reserve currency, Bitcoin could become a ‘safe-haven’ globally. Countries suffering from hyperinflation are already investing in Bitcoin. Ukraine and Vietnam are two of the leading countries that use crypto and bitcoin the most.

馬克·庫班最近指出，如果美元作為全球儲備貨幣的地位下降，比特幣可能會成為全球的「避風港」。遭受惡性通貨膨脹的國家已經開始投資比特幣。烏克蘭和越南是使用加密貨幣和比特幣最多的兩個主要國家。

Ethereum’s Squeezed Supply

以太坊供應緊張

Over $3 billion worth of Ethereum (ETH) has been removed from centralized crypto exchanges since the approval of spot Ether exchange-traded funds (ETFs) in the US on May 23. The Glassnode data shows that the supply of Ethereum held on exchanges is at its lowest level in years at around 10.6%. As per the CryptoQuant data, the total Ethereum on exchanges has plunged by almost 797,000 between May 23 and June 2, worth approximately $3.02 billion. The low supply of Ethereum on exchanges means that fewer ETH

自5 月23 日美國批准現貨以太幣交易所交易基金(ETF) 以來，價值超過30 億美元的以太坊(ETH) 已從中心化加密貨幣交易所中移除。的以太坊供應量為為多年來的最低水平，約為 10.6%。根據 CryptoQuant 的數據，5 月 23 日至 6 月 2 日期間，交易所的以太幣總量暴跌近 797,000 個，價值約 30.2 億美元。交易所上以太坊的供應量低意味著以太坊的數量會減少