The Total Crypto Market Cap excluding BTC is still an interesting one. It failed to push past its 2021 high during 2025. It has now retested the April 2025 lows and is holding for now. Essentially forming a big range between ~$800B-$1.7T. Good to note, in this total there are stablecoins added. So the actual altcoin cap has shrunk significantly compared to 2021, as stablecoins have seen explosive growth.(Daan Crypto Trades)