Altcoin Market Cap Rises, But Bitcoin Dominance Holds

Altcoin market capitalization has risen 21% in the past month, but its share against Bitcoin has declined by 0.9 percentage point.

This trend is being closely watched as markets await key variables that could determine whether the altcoin rebound broadens.

A September 15 vote on the CLARITY Act and the Federal Reserve's September 16 rate decision are seen as crucial in shaping the crypto market.

According to Glassnode data, Bitcoin has rebounded about 27% from its August low near $62,000 to around $79,000, with buying interest concentrated in the $83,000 to $86,000 range.