Altcoins and crypto equities slide following equity market downturn
CIE News ·
Based on reporting by CryptoRank; not yet independently confirmed.
Altcoins and crypto equities dropped on November 6, 2026, amid equity market volatility. DePIN tokens Grass and Filecoin fell alongside over 9% intraday declines in Coinbase and MicroStrategy shares.
A broad market downturn affected altcoins and crypto-native stocks during morning trading on November 6, 2026, following steep declines across equity markets. DePIN tokens experienced significant pressure, with Grass dropping 14.32%, Filecoin declining 8.47%, and Render falling 5.72%, while major tokens NEAR Protocol and Ethena dropped 8.23% and 10.58% respectively. Intraday shares of Coinbase Global and MicroStrategy also fell by at least 9% as hedge funds sold spot cryptocurrency holdings to fulfill margin requirements.
Key facts
- Grass down 14.32%
- Ethena down 10.58%
- Coinbase down >9%
- MicroStrategy down >9%
Read the original at CryptoRank