73 altcoins hit historical lows on June 5 as macro data triggers broad market selloff
#On June 5, 2026, 73 out of 199 assets in the CoinDesk Spot Price index hit their historical minimum close, representing 36.7% of all listed assets.
#This included Cardano (ADA-USD) closing at $0.15652 (volume: $5.55B), Avalanche (AVAX-USD) closing at $6.7208 (volume: $110.67M), and Polkadot (DOT-USD) closing at $0.94544 (volume: $117.36M).
#The broad selloff coincides with stronger-than-expected U.S. jobs data and sustained ETF outflows, reflecting macro-driven market pressure rather than a fundamental shift in altcoin valuations.
#Stellar experienced a sharp increase in price swings following institutional news, with 14-day volatility expanding from 2.37% to 11.78%.
#The volatility expansion coincided with a major spike in trading volume, which peaked at 8.61 billion on June 5, compared to a 30-day average of 2.98 billion.
#This reflects heightened market interest driven by both institutional developments and speculative positioning, though price gains have partially retraced since the initial spike.