Here's a quick look at the total Crypto m—cap excluding BTC. It is evident that the total market cap of Altcoins is currently encountering challenges in surpassing the $620 billion threshold. In the event that the market breaches this level, a significant uptick in Altcoin activity is expected to occur. However, the performance of Altcoins is intrinsically linked to that of BTC, such that a decline in BTC price will negatively impact Altcoins. Moreover, any decision by the Federal Reserve to increase interest rates by 50 basis points would likely result in a considerable market downturn. As such, it would be advisable to closely monitor the outcome of the upcoming FOMC meeting tomorrow.
------------------------------------------- Key Dates to Watch in March:
21/22 Mar: FOMC Meeting 30 Mar: GDP Report
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!