In the second quarter of 2023, the cryptocurrency market exhibited complex and variable trends. After the overall market value fell below 2.8 trillion dollars in the first quarter, there was a slight recovery at the beginning of the new season. However, the overall market remained influenced by an unstable macro environment, leading to fluctuating prices. Bitcoin performed relatively steadily, with its market share increasing to 60.6%, and its price fluctuating around 85,000 dollars. Its overall resilience was significantly better than that of most alternative coins, further highlighting its dominant position in the market and reflecting a tendency for funds to seek safe-haven assets.