The top reasons why altcoins are crashing ¹ ²

*Uncertainty Surrounding Spot Ethereum ETFs*: The uncertainty surrounding spot Ethereum ETFs in the U.S. has resulted in confusion and affected market sentiment, as they have been approved by the SEC but are not yet listed.

*Macroeconomic Factors*: Lower-than-expected U.S. inflation initially suggested a potential halt in Fed rate hikes, but the Fed’s hawkish stance maintains uncertainty.

Altcoins thrive in low interest rates and high liquidity environments, which are currently lacking. *Strong Dollar*: A strong dollar, bolstered by recent ECB rate cuts, is also pressuring the crypto market.

*Bitcoin Dominance*: As Bitcoin dominance remains high, altcoins are underperforming. However, a reversal in Bitcoin dominance could signal the start of a new altcoin rally.

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