Altcoin Rally Stalls as Bitcoin Continues to Lead
Altcoins have gained 21% over the past month but still trail behind Bitcoin. According to Glassnode, altcoin market capitalization rose by that amount while their share of the combined market fell by 0.9 percentage points over 90 days.
Crypto markets are closely watching the Federal Reserve's decision on interest rates, scheduled for September 16. A single adjustment would be a relatively soft hike, but the futures market has already priced in multiple increases through mid-2027.
Passing the CLARITY Act, which establishes clearer boundaries between SEC and CFTC jurisdiction over digital assets, could also provide clarity for altcoins. However, this is no guarantee of an altcoin rally, and both conditions would need to land together for a broad rally in Q4.