Altcoins Gain 21% but Trail Bitcoin as Market Awaits Fed Decision

Glassnode reports that while altcoin market capitalization rose 21% over the past month, their share of the total crypto market declined by 0.9 percentage points over 90 days. Bitcoin remains the market leader, recovering 27% from August lows but still trading below the $83,000 to $86,000 cost-basis wall. Market participants are now focused on the upcoming Federal Reserve meeting, where an interest rate hike is widely expected.