A broad crypto sell-off on Friday dragged the total altcoin market capitalization down to $880 billion. Zcash was the hardest-hit major token, crashing over 40% to $264.80. The mayhem that characterized the cryptocurrency market on Friday saw several high-cap altcoins log double-digit losses, resulting in the aggregate market capitalization of altcoins dipping well below the $1 trillion mark. Ethereum ( ETH) led altcoins down after it plunged from just over $1,700 to an intraday low of $1,545, a level last seen in April 2025. The digital asset’s 10% slide in 24 hours dragged its market capitalization under $200 billion.