Sharp Rise in Cryptocurrency Market: Market Cap Increases by $500 Billion, Reaching $2.74 Trillion

cryptonews.ru2026-08-24 tarihinde yayınlandı2026-08-24 tarihinde güncellendi

Özet

After a slow start to August, the cryptocurrency market surged in the third week, driven by the announcement of a US Treasury bond buyback and a White House meeting reaffirming the Trump administration's support for the sector. Led by Bitcoin, the total market capitalization increased by $500 billion, nearing a peak of $2.74 trillion—its highest level since early May. Bitcoin maintained most of its mid-week momentum, ending the week with a 22% gain and approaching $80,000. Its market cap rose to $1.55 trillion, cutting year-to-date losses to roughly 12%. Zcash was the top performer, jumping nearly 70%, while XRP also saw significant gains, rising 51% over the week. Hyperliquid's token ($HYPE) surged to a record high of $82.43, partly fueled by supportive comments from former President Trump. With few exceptions, most large-cap altcoins posted weekly gains exceeding 20%, highlighting renewed investor interest sparked by the US Treasury's announcement. Overall, only a small number of tokens ended the week in decline.

After a sluggish start in August, the cryptocurrency market surged sharply in the third week of the month, fueled by the announcement of a U.S. Treasury bond buyback and a White House meeting that reaffirmed the Trump administration's support for the sector. Led by Bitcoin, the total market capitalization of cryptocurrencies rose by $500 billion and peaked near the $2.74 trillion mark – the highest level since early May.

Bitcoin retained most of the momentum gained mid-week, despite a brief dip below $76,000 on Sunday, quickly recovering above $77,000. Market data showed the digital asset ended the week with a 22% gain after nearly surpassing the $80,000 mark on August 21. This rise boosted Bitcoin's market capitalization to $1.55 trillion and reduced its year-to-date losses to approximately 12% – a sharp recovery from a nearly 30% drop at the start of the month.

While Bitcoin served as the anchor for the overall market rally, Zcash displayed the best weekly performance, soaring nearly 70% and peaking just above $873 after trading around $490 on August 16. The surge of this privacy-focused cryptocurrency propelled its market capitalization above $14.5 billion – almost double that of its main competitor, Monero. $XRP also showed significant growth, joining the broader altcoin rally.

Meanwhile, after falling below the $1 mark for the first time since mid-November 2024, $XRP joined the overall market recovery and then climbed to around $1.70 on August 22. Despite a slight pullback to above $1.50, the token maintained a weekly gain of 51%, making it the most successful major altcoin after ZEC.

$HYPE largely capitalized on the overall market momentum, rising to a record high of $82.43 on Saturday. The surge was partly driven by comments from President Donald Trump expressing support for Hyperliquid's expansion in the United States. This landmark jump pushed the market capitalization of $HYPE to $18 billion – a staggering rise for a token that traded at just $25 at the beginning of the year.

With a few exceptions – including TRX, BNB, RAIN, XMR, and LEO – most large-cap altcoins showed weekly gains exceeding 20%, highlighting how the U.S. Treasury Department's announcement reignited investor interest. Overall, only a small fraction of tokens ended the week in negative territory. WLFI led the list of tokens with minor losses, down 5%, while BEAT and H experienced the steepest market plunges, collapsing 63% and 50% respectively.

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İlgili Sorular

QWhat was the main cause of the cryptocurrency market's sharp growth in the third week of August?

AThe announcement of the U.S. Treasury's bond buyback plan and a White House meeting reaffirming the Trump administration's support for the sector.

QTo what level did the total cryptocurrency market capitalization rise to after the $500 billion surge?

AIt reached a peak near $2.74 trillion, the highest level since early May.

QWhich cryptocurrency was the top performer of the week, and what was its price increase?

AZcash (ZEC) was the top performer, surging almost 70% to a peak slightly above $873.

QHow did Bitcoin's market capitalization change, and what was its year-to-date loss after the rally?

ABitcoin's market cap increased to $1.55 trillion, reducing its year-to-date loss to roughly 12%.

QWhich token reached a new all-time high of $82.43, and what was mentioned as a reason for its rise?

AHyperliquid ($HYPE) reached a new all-time high of $82.43, partly due to supportive comments from President Donald Trump regarding its expansion into the U.S.

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