The altcoin market has given back most of what it earned this fall. Altcoins, measured excluding Bitcoin and stablecoins, have lost about $200 billion in market value. About 70% of Binance-listed altcoins now trade below their 200-day moving average.
From broad strength to broad weakness
The figures come from a CryptoQuant Quicktake by analyst Darkfost, dated November 7, 2026, and shared on X around November 6-7. The analysis tracks the altcoin market cap with Bitcoin and stablecoins stripped out. That isolates the riskier end of the crypto market.
Between mid-August and late September 2026, that segment added roughly $320 billion in value. Then the selling started. The subsequent drop of about $200 billion effectively reversed two-thirds of those gains, according to the analysis.
