Altcoins shed $200 billion as 70% drop below key moving average, CryptoQuant analyst finds
Altcoins have lost roughly $200 billion in market capitalization, with 70% of Binance-listed alternative tokens falling below their 200-day moving average, according to analysis from CryptoQuant.
The cryptocurrency altcoin sector has shed roughly $200 billion in market capitalization as market weakness broadens across alternative tokens, according to a CryptoQuant analyst cited by Cointelegraph and Whale Insider.[2][3]
A technical assessment of the market indicates that 70% of altcoins listed on Binance are now trading below their 200-day moving average. A performance chart published by CryptoQuant tracks this threshold against Bitcoin's price, which was marked around $75,700 as the share of altcoins below the indicator deepened.[2][3]
Crypto Briefing reported that the downturn reflects the sensitivity of speculative digital assets to shifts in investor sentiment and macroeconomic pressures.[1]
Key facts
- Altcoins have lost roughly $200 billion in market capitalization, according to a CryptoQuant analyst.
- Approximately 70% of Binance-listed altcoins are trading below their 200-day moving average.
- A CryptoQuant chart illustrates the 70% altcoin moving-average threshold alongside a Bitcoin price of $75.7K.
- Crypto Briefing reported that the drop highlights the altcoin market's susceptibility to macroeconomic pressures and shifting sentiment.
Sources · 3 sources
- CB
Crypto BriefingArticle ·
Altcoins shed about $200 billion as 70% slip below 200-day moving average The altcoin market's sharp decline highlights the volatility and susceptibility of speculative assets to macroeconomic pressures and investor sentiment shifts. The post Altcoins shed about $200 billion as 70% slip below 200-day moving average appeared first on Crypto Briefing .
Open source - WI
Whale Insider@WhaleInsiderPost on X ·
JUST IN: Altcoins have lost roughly $200,000,000,000 in market capitalization, with 70% of Binance-listed altcoins now trading below their 200-day moving average - CryptoQuant analyst. https://t.co/GanmwgKQqW
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 UPDATE: Altcoins have lost roughly $200 billion in market capitalization, with 70% of Binance-listed altcoins now trading below their 200-day moving average, according to CryptoQuant analyst. https://t.co/uRxogD0TiC
Open source