ETH and SOL Spearhead the Retreat
The altcoin market endured a brutal session on Friday, March 27, as traders aggressively unwound positions in a frantic flight to liquidity. The protected haven narrative, which briefly flickered to life when the U.S., Israel and Iran started putting one another on Feb. 28, all however collapsed underneath the burden of a broader risk-off sentiment.
In keeping with market knowledge, the intensified sell-off compelled the overall altcoin market capitalization to breach the psychological $1 trillion flooring for the primary time since early March. As of 12:15 p.m. EST, the sector’s valuation languished at $987 billion, marking a grim milestone for the quarter.
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