The combined market capitalisation of all cryptocurrencies, excluding Bitcoin, is at the $1 trillion major support. Another $80 billion could be about to get erased from altcoins if this support fails.
Total2 at critical support
Source: TradingView
These are scary times for those holding altcoins. We are supposed to be in the midst of a bull run, but the bleed-out in cryptocurrencies just does not appear to want to stop. Currently, the altcoin market cap is just at the conjunction of the 0.618 Fibonacci and the rising trendline. If this support fails, the next stop is the 0.786 Fibonacci at $919 billion.
Of course, some may say that the 39% that the altcoins market cap has already fallen from the top can be considered quite normal for a bull market. In fact, the previous bull market saw a drop of 60% before a rally up and past the previous all-time high.
A similar correction this time could see the altcoins market cap going nearly all the way back to the $620 billion a
We współpracy z: https://cryptodaily.co.uk/2025/03/altcoins-at-critical-support-will-they-break-and-fall
