Crypto Daily™9 minutes ago

Published on April 03, 2025 11:13 GMT+00:00edited on April 03, 2025 11:14 GMT+00:00

If Bitcoin holders were starting to look uneasy following the sweeping reciprocal tariffs that President Trump imposed on the world on Wednesday, holders of altcoins could be feeling something akin to desperation. Is crypto about to plunge even further?

Total2 at major support

Source: TradingView

Total2 is the chart of the combined market capitalisation of all cryptocurrencies, excluding $BTC. Therefore it can be used to gauge the general health of the altcoin market. 

The chart is pointing out that altcoins are teetering on the brink. The market cap is currently resting on the fairly strong horizontal support at $966 billion. There is further support a bit further down at $936 billion, but if this then fails, a drop to $780 billion, or even a plummet down to $670 billion is a …