Altcoins have lost more than $200 billion in market capitalization as macroeconomic uncertainty and weakness in broader risk assets pressured the crypto market. More than 70% of altcoins tracked through Binance data fell below their 200-day moving averages, with that share approaching 80%. Solana traded at $89 while its 200-day moving average stood at $97.76, and the token was reported to be 9.75% below that measure. The broader altcoin market has surrendered 62.5% of the $320 billion gained between August and September. The weakness followed losses in the Nasdaq and S&P 500, interest-rate increases by the Federal Reserve, European Central Bank and Bank of England, and a reported loss of Republican control of both chambers of the U.S. Congress after President Trump. Despite the market decline, Solana's tokenized real-world-asset market reached a record $4.80 billion, led by tokenized funds at $3.70 billion, followed by tokenized stocks at $1.10 billion and commodities at $31.90 million. Backpack CEO Armani Ferrante has advocated opening the global stock market on Solana's mainnet, although regulation remains a major hurdle. Solana's RWA activity could help it outperform a weak altcoin market, but stronger Bitcoin performance would provide additional support. Bitcoin had previously fallen 2.5% to $75,877 as the wider crypto market erased about $100 billion in post-election gains, while total capitalization dropped from nearly $2.79 trillion to below $2.64 trillion.