Bitcoin, as the first and most well-known cryptocurrency, has a significant impact on the entire digital asset market. Being a kind of "digital gold", it sets trends and influences the mood of investors and traders.

When bitcoin rises in price, it usually leads to an increase in other cryptocurrencies, as it is perceived as an indicator of the state of the entire cryptocurrency market. Investors see its growth as a signal to buy other assets. On the contrary, when bitcoin falls, it can cause panic and a massive sell-off, which also negatively affects other cryptocurrencies.

In addition, bitcoin also determines liquidity and availability in the markets. Many altcoins are traded in pairs to bitcoin, and its price movements directly affect their value.

Thus, bitcoin remains the main engine and benchmark for the entire cryptocurrency industry, and its impact on the market is difficult to overestimate.