#binance #hype #zec #near
27/03/26 14:03 UTC-04

Altcoins fall as total market capitalization drops below $1 trillion

A sharp sell-off hit the altcoin market on Friday, pushing total market capitalization below the $1 trillion mark for the first time in several weeks.

$ETH and $SOL lead the decline

The altcoin market experienced a brutal session on Friday, March 27, as investors aggressively closed positions in a rush for liquidity. The “safe haven” narrative, which briefly resurfaced when the U.S., Israel, and Iran exchanged strikes on February 28, largely collapsed under broader risk-off sentiment.

According to market data, the intensified sell-off pushed total altcoin market capitalization below the psychological $1 trillion level for the first time since early March. As of 12:15 PM EST, the sector was valued at $987 billion, marking a grim milestone for the quarter.

Leading the decline was Ethereum, which dropped 4% on the day. Failing to hold its peak at $2,074, the second-largest digital asset fell to $1,972, dragging its market cap below $240 billion.

Volatility proved fatal for overleveraged traders, triggering nearly $120 million in long liquidations. Although Ethereum attempted a brief rebound above $2,000 midday, the rally lacked conviction, and at the time of writing, the asset was trading below that level again.

Solana performed even worse, becoming the worst-performing large-cap asset with a 5.4% decline. After hitting resistance at $93 on Wednesday, Solana lost nearly 12% of its value over 48 hours. The futures market impact was uneven: out of $26 million in total liquidations, a staggering $25 million came from long positions.

BNB and XRP also declined, falling 2.8% to $609 and 2.7% to $1.33 respectively. High-beta assets such as WLD were hit hardest by panic, dropping 10%, while SIREN recorded the steepest loss of the day, plunging 51.5% and erasing nearly all recent gains.

In contrast, Bitcoin Cash managed a modest gain of 1.3%, joined by small green moves from LEO (0.3%) and Canton (3.2%). However, the true outlier was micro-cap token Trillions, which surged an astonishing — though likely illiquid — 7,700% in 24 hours.

See also: "Bitcoin falls below $67,000 amid geopolitical tension and $14B options expiry"

#Altcoins #Capitalization

Editor: Alyona Nabok
Comments

Similar

07/06/26 15:46 UTC-04

Here’s Why Bitcoin’s 50% Drop Looks Minor Compared With What Some Altcoin Holders Have Endured

This week, Bitcoin fell to its lowest level of 2026, dropping to $59,100 per coin, and its price now sits just over 50% below the all-time high of more than $126,000 reached by the leading crypto asset. Meanwhile, a significant part of the altcoin market has suffered much sharper declines, with many well-known digital assets posting losses of more than 95% from their peak valuations.

05/06/26 04:13 UTC-04

Bitcoin Exchange Binance Announces Delisting of Several Altcoin Trading Pairs

Binance, one of the world’s largest cryptocurrency exchanges, has announced its decision to remove four digital assets from its platform following recent reviews. According to the exchange’s statement, all spot trading pairs for the tokens Contentos (COS), Dar Open Network (D), Highstreet (HIGH) and MOBOX (MBOX) will be delisted, and trading will cease on 19 June 2026 at 06:00.

04/06/26 03:00 UTC-04

Liquidations Exceed $1.6 Billion as Bitcoin Falls Below $62,000

On June 4, Bitcoin briefly dropped to around $61,300, marking one of its sharpest declines in recent months. The asset later recovered part of its losses and climbed back above $64,000. The last time Bitcoin traded near these levels was in February 2026.