Altcoin market cap rises 21% in a month, trails BTC gains

Altcoin market capitalization has increased by 21% in the past month, but altcoins' share of the total crypto market has decreased by 0.9 percentage points over the last 90 days, according to Glassnode. Funds have entered the altcoin market alongside Bitcoin's recovery, yet BTC's market capitalization has grown at a faster rate, resulting in a smaller share for altcoins. Market participants are closely monitoring the U.S. Senate's procedural vote on the CLARITY bill on September 15 and the Federal Reserve's rate decision on September 16, as these events could influence capital rotation into altcoins. Key indicators for market recovery include ETH/BTC, altcoin market share, and spot Bitcoin ETF fund flows.

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