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.
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Key Dates to Watch in March:
21/22 Mar: FOMC Meeting
30 Mar: GDP Report
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If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
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
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
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t.me/MBM_786kr 🎖
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🎖Telegram:
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📩 Interested in our Premium Group?
DM @MBM786kr on telegram for full details!
🎖Telegram:
t.me/MBM_786kr 🎖
📩 Interested in our Premium Group?
DM @MBM786kr on telegram for full details!
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.