News
Altcoins Lose $200 Billion as 70% Below 200-Day Moving Average
A CryptoQuant analyst reports that the altcoin market has lost about $200 billion in value, with 70% of Binance-listed altcoins now trading below their 200-day moving average. The decline, which began in late September, has wiped out much of the market's gains from the previous month. The analyst notes that this is a historical pattern of extreme readings preceding reversals, and attributes the decline to macroeconomic pressures including central bank rate hikes and geopolitical tensions.