Matrixport: The counterfeit coin craze has not yet arrived, and retail investors have not yet entered on a large scale
According to BlockBeats, on October 22nd, Matrixport released a research report stating that the market dominance of Bitcoin continues to climb and has now reached 58%, indicating that the counterfeit coin craze has not yet arrived. Although there are over 20000 cryptocurrencies on the market, the focus of the market is still highly concentrated on Bitcoin. The dominant position of Bitcoin indicates that the inflow of ETF funds does not have a significant driving effect on altcoins, while implying that retail investors have not yet entered the market on a large scale. The trading volume of Bitcoin has doubled from $10 billion to $20 billion in 2023 to $20 billion to $40 billion, further highlighting the increasing influence of Bitcoin. From a risk adjustment perspective, Bitcoin remains one of the most attractive transactions in the current cryptocurrency market.