Altcoins Shed $200 Billion as 70% Drop Below 200-Day Moving Average
Key Highlights: Market breadth collapsed within a single month, as the share of Binance-listed altcoins trading below their 200-day moving average jumped from 10% in early October to roughly 70% by early November. Widespread macro headwinds—including central bank interest rate hikes, geopolitical strain, U.S. midterm election uncertainty, and a 14% drop in the Nasdaq—drove the ...