Emotions affect the price of $BTC, and the price of BTC influences altcoin prices, but fundamentally, it is macroeconomic tightening. So even if positive sentiments drive BTC prices up, it is merely a rebound, and the same goes for altcoins.
What influences sentiment? It’s about taxes, macro data, the economy, speeches from Trump and Powell, and so on. Next Wednesday's GDP data could still be a factor that changes the market direction. This does not necessarily mean a decline; I've mentioned several times in the last two days whether the released GDP data might be inflated, we don’t know, but that’s not important. What matters is whether the Federal Reserve and the White House believe in this GDP data—that is the key. The inflow of stablecoins is accelerating again. If this pace continues, some altcoins may reach historical highs, but most will not, as the funds mainly come from $BTC --> altcoin inflow.
