Crypto Weekly: ADA and Privacy-Focused Coins Show Strongest Momentum While XRP Falls

cryptonews.ruPublished on 2026-08-09Last updated on 2026-08-09

Abstract

The first week of August saw a strong rally across the cryptocurrency market, with total market capitalization surging to $2.9 trillion. Bitcoin led the gains, reclaiming the $65,000 level. While Bitcoin stabilized the market, Cardano ($ADA) was the standout performer, posting double-digit gains driven by news of an integration with the Injective protocol. Privacy-focused coins like ZEC and XMR also saw notable increases. Major altcoins like BNB and SOL reflected positive market sentiment. However, not all assets followed the uptrend. XRP fell below $1.02, ending as the only top-10 digital asset with a weekly loss. Other altcoins like Stellar (XLM), SHIB, and CRO also saw declines. Looking ahead, the delay in the U.S. Senate's vote on the CLARITY Act has removed a key near-term macroeconomic catalyst. Market focus is now expected to shift to industry-specific factors until the bill is potentially revisited in mid-September.

The first week of August brought a powerful boost to the entire cryptocurrency market: the total market capitalization jumped from a low below $2.2 trillion to reach $2.9 trillion by August 8. Bitcoin led the rally, reclaiming the $65,000 mark for the first time in August and pushing its total market capitalization above $1.3 trillion.

Market data shows that over seven days, Bitcoin gained over 3%, rising from $62,721 to a peak slightly above $65,300 on Friday, before consolidating above a key support level. Importantly, Bitcoin maintained these gains despite regulatory headwinds arising after the US Senate failed to pass the CLARITY Act.

While Bitcoin stabilized the overall market, Cardano ($ADA) was the week's leader, posting double-digit growth for the second consecutive week. On August 6, the price of $ADA rose from $0.174 to $0.211—a high not seen since June 4—driven by news of a strategic integration between Cardano and the Injective protocol. Despite this short-term breakout, $ADA has still lost nearly 30% over the past 90 days.

Privacy-focused assets were also in demand: ZEC and XMR jumped 8% and 7%, respectively. Large-cap altcoins mirrored the positive market sentiment: BNB rose 5%, reclaiming the psychological level of $600, while SOL and HYPE also showed gains. Gold-backed tokens PAXG and XAUT rose more than 7%, following spot gold, which climbed from $4,233 per ounce to a Friday high of $4,364.

At the same time, some major altcoins lagged behind the broader market rally. On August 7, XRP fell below the $1.02 mark, ending the day with a 1.5% loss and becoming the only digital asset in the top 10 to show a weekly decline. Stellar (XLM) also fell by 3.3%, while more severe corrections affected CC (-20%), CRO (-9%), SHIB (-8.8%), and ONDO (-8%).

Looking ahead, the confirmation that the vote on the CLARITY Act has been postponed removes a key macroeconomic catalyst that market participants were counting on to trigger a sustained Bitcoin rally in the second half of 2026. With momentum in the federal legislative process temporarily on hold, short-term price action is likely to be dictated by industry factors and internal crypto catalysts, at least until September 15, when the Senate is expected to bring the bill back up for discussion.

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Related Questions

QAccording to the article, which cryptocurrency led the market rally in the first week of August and what key price level did it reclaim?

ABitcoin led the market rally in the first week of August. It reclaimed the $65,000 price level for the first time that month.

QWhat was the main driver behind Cardano's ($ADA) price surge to a high not seen since early June?

AThe main driver was the news about the strategic integration between the Cardano blockchain and the Injective protocol.

QBesides Cardano ($ADA), what other two categories of assets showed significant price appreciation according to the article?

APrivacy-focused assets like ZEC and XMR, and gold-backed tokens like PAXG and XAUT showed significant price appreciation.

QWhich top-10 digital asset was the only one to post a weekly loss, and what was the approximate price level it fell below on August 7th?

AXRP was the only top-10 digital asset to post a weekly loss. It fell below the $1.02 mark on August 7th.

QWhat event did the article say removes a key macroeconomic catalyst that the market was anticipating for a sustained Bitcoin rally, and when is it expected to be revisited?

AThe postponement of the vote on the CLARITY Act in the U.S. Senate removes that key catalyst. The bill is expected to be revisited for debate around September 15th.

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