Notes: Total 3 Market Cap (Excluding $BTC & $ETH )
The market (T3) cap has decreased to $660 billion — the level from which the Trump rally began on November 6, 2024.
Altcoin sentiment is currently very low, comparable to the negative feelings seen after the 2018 ICO bubble burst. The market cap excluding Bitcoin and Ethereum has fallen significantly, back to a level seen before a notable market increase in late 2024. This downturn seems driven by disappointment in unfulfilled expectations and the bursting of speculative bubbles.
The broader environment for cryptocurrencies appears more supportive now compared to the period between 2021 and 2024. Conversely, the outlook for the stock market has become less certain, leading more financial experts to recommend diversifying portfolios with alternative investments, and cryptocurrencies are increasingly being suggested as part of this strategy. The development of tools and derivatives is also making it easier to move capital from traditional stock markets into the crypto space. Furthermore, with the emergence of what some are calling "currency wars," cryptocurrencies are seeing increased use for cross-border transactions, and the volume of these payments is on the rise.
$BTC holding strong above the crucial 50W SMA – a classic bull market support. Plus, bullish divergence brewing on the daily RSI. This setup could fuel a significant bounce soon! 🚀 #BTC #TechnicalAnalysis
#TariffsPause Thoughts. Yesterday's 90-day tariff delay sparked market optimism, boosting stocks and crypto. However, today saw a sharp reversal as uncertainty resurfaced, driving prices down. Doubts are growing about the postponement's durability amid geopolitical tensions, shifting trade policies, and upcoming economic data. The swift downturn highlights fragile market confidence despite the initial bullish reaction. Analysts suggest a potential short-term correction, emphasizing that temporary fixes rarely ensure lasting stability. Clearer signals from policymakers or new data are needed to stabilize expectations. Until then, volatility is expected to dominate, reflecting widespread unease among traders and investors. The rapid shift underscores the precarious nature of market sentiment in the face of complex global factors.
The cynicism surrounding the markets is evident. Recall the anticipated "Black Monday" that never materialized, or the excitement over a small Tuesday dip? Certain individuals were so opposed to Trump that they were ready to wager against the entire economy. Fortunately, that strategy did not succeed. Trump's trade approach, though divisive, appears to be altering the global landscape, with China experiencing pressure and other nations eager to negotiate deals. Would a gentler method have produced these results? It seems unlikely. At times, a disruptive approach is necessary to drive change.
However, that same skepticism should be applied to the crypto space, particularly with statements from the "crypto king" and his supporters. The White House crypto summits generated significant buzz about a national crypto reserve and tax incentives, but they ultimately led to little tangible action, with the market plummeting both times. Be cautious of extravagant promises and always conduct your own research. Past performance, or the absence of it, serves as the best guide. Avoid being swept away by the hype.
Heard someone say 'StaySAFU' lately? It's crypto slang for 'Stay Safe Funds' and it's more than just a catchy phrase. In this wild west of digital assets, where volatility is the norm and scams lurk around every corner, 'StaySAFU' is a vital mantra. It's a reminder to be vigilant with your hard-earned crypto. Think strong passwords, enabling that two-factor authentication (2FA) like your digital life depends on it (because it kinda does!), and exploring cold storage options if you're holding significant amounts. But 'StaySAFU' also carries a layer of healthy skepticism. When a new project promises the moon with unbelievable APYs, that little voice in your head whispering 'StaySAFU' is your friend. It urges you to dig deeper, question the fundamentals, and not fall for the hype. It’s a community-driven nudge to look out for each other and share knowledge about potential risks. So, next time you see #StaySAFU floating around, remember it's a call to protect your digital wealth and navigate the crypto landscape with wisdom and caution. Stay safe out there, folks!