Altcoin Market Slumps Below $900B Amid Bitcoin Price Slide

The altcoin market plummeted below $900 billion twice in 24 hours, sparking concerns of an impending 'altpocalypse.'

This dramatic sell-off was triggered by a slide in Bitcoin's value to a multi-month low on Thursday.

According to Coingecko data, the aggregate altcoin market cap briefly dipped below $872 billion after noon on Wednesday and again at 9 a.m. EST on Thursday, before rebounding slightly above $900 billion.

The key high-cap assets driving this decline include Ethereum (ETH), which hit a new year-to-date low of $1,531, and BNB, which dropped by nearly 3% during the period.