[Analisis] Kapitalisasi Pasar Altcoin Naik 21% dalam Sebulan, tetapi Porsi terhadap Bitcoin Menurun

bloomingbit · 2026-09-15T11:23:07.000Z

Kapitalisasi pasar gabungan altcoin telah meningkat lebih dari 20% selama bulan lalu, tetapi pangsa mereka di pasar kripto relatif terhadap Bitcoin justru menurun. Pemungutan suara pada 15 September terhadap Undang-Undang CLARITY, rancangan undang-undang struktur pasar kripto di AS, serta keputusan suku bunga pada 16 September oleh Federal Reserve dipandang sebagai variabel kunci untuk menentukan apakah rebound altcoin meluas. Media yang berfokus pada kripto, CryptoSlate, melaporkan pada 15 September, dengan mengutip data Glassnode, bahwa kapitalisasi pasar altcoin naik 21% selama bulan lalu. Namun, selama 90 hari terakhir, pangsa altcoin dalam pasar gabungan Bitcoin dan altcoin turun sebesar 0,9 poin persentase.

Altcoins’ combined market capitalization has risen more than 20% over the past month, but their share of the crypto market relative to Bitcoin has actually declined. A Sept. 15 vote on the CLARITY Act, a U.S. crypto market structure bill, and the Federal Reserve’s Sept. 16 rate decision are seen as key variables in determining whether the altcoin rebound broadens.
Crypto-focused outlet CryptoSlate reported Sept. 15, citing Glassnode data, that altcoin market capitalization climbed 21% over the past month. Over the past 90 days, however, altcoins’ share of the combined Bitcoin and altcoin market fell by 0.9 percentage point.
Over the same period, Bitcoin rebounded about 27% from its August low near $62,000 to around $79,000. Glassnode said buying interest for about 1.07 million BTC was concentrated in the $83,000 to $86,000 range, making that zone a potential key resistance area.
Markets are focused on the Sept. 15 CLARITY Act vote and the Fed’s Sept. 16 rate decision. If the CLARITY Act advances, CryptoSlate said, it could support exchanges, token markets and decentralized finance, or DeFi, where regulatory uncertainty has been relatively high.
Still, a price increase alone is not enough to conclude that altcoins have entered a bullish phase. CryptoSlate said investors should also track the ETH/BTC ratio, altcoins’ market share and flows into exchange-traded funds, or ETFs.
According to Glassnode, around past Bitcoin peaks there were three instances in which altcoins’ market share rose by at least 2.8 percentage points over 90 days. This time, that share has instead fallen by 0.9 percentage point, indicating that a clear sign of capital rotation has yet to emerge.