{"id":77195,"date":"2026-08-24T00:39:32","date_gmt":"2026-08-24T00:39:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/500b-added-as-market-cap-hits-2-74t\/"},"modified":"2026-08-24T00:39:32","modified_gmt":"2026-08-24T00:39:32","slug":"500b-added-as-market-cap-hits-2-74t","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/500b-added-as-market-cap-hits-2-74t\/","title":{"rendered":"$500B Added as Market Cap Hits $2.74T"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">\u2022 Macro catalysts and a 22% bitcoin jump pushed the total crypto market cap past $2.74 trillion in mid-August.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Zcash surged 70% and XRP gained 51% as broad demand drove most major altcoin valuations up by over 20%.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Donald Trump\u2019s backing sent HYPE to an $82.43 peak, setting up strong momentum for crypto expansion in the U.S.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bitcoin Trims Year-to-Date Drawdown<\/h2>\n<p>After a sluggish start to August, the cryptocurrency market surged during the third week of the month, propelled by a <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/sb0607\" target=\"_blank\" rel=\"noopener noreferrer\">U.S. Treasury bond buyback announcement<\/a> and a White House meeting reaffirming the <a href=\"https:\/\/news.bitcoin.com\/finance\/trump-opens-bitcoin-door-as-us-debt-blows-past-40-trillion\/\">Trump administration\u2019s support for the sector<\/a>. Led by bitcoin, the broader crypto market cap expanded by $500 billion to peak near $2.74 trillion\u2014its highest level since early May.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>Bitcoin preserved most of its mid-week momentum despite a brief Sunday dip below $76,000, quickly rebounding above $77,000. Market data showed the digital asset finished the week up 22% <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-holds-77k-as-bulls-keep-augusts-best-week-in-play\/\">after nearly breaching $80,000<\/a> on Aug. 21. The rally drove bitcoin\u2019s market capitalization to $1.55 trillion and narrowed its year-to-date losses to roughly 12%\u2014a sharp recovery from a nearly 30% drawdown at the start of the month.<\/p>\n<p>While bitcoin anchored the broader market rally, Zcash <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/zcash-leads-altcoin-rally-zec-surges-47-percent\/\">posted the week\u2019s top performance<\/a>, surging nearly 70% to peak just above $873 after trading at $490 on Aug. 16. The privacy coin\u2019s rally pushed its market capitalization past $14.5 billion\u2014nearly double that of main rival Monero. XRP also saw significant momentum, joining the broader altcoin surge.<\/p>\n<p>Meanwhile, after dipping below $1 for the first time since mid-November 2024, XRP joined the broader market recovery before surging near $1.70 early Aug. 22. Despite easing back to trade above $1.50, the token maintained a 51% weekly gain, making it the top-performing major altcoin behind ZEC.<\/p>\n<p>HYPE capitalized heavily on the broader market momentum, <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/hype-all-time-high-multicoin-coinbase-prime\/\">vaulting to a record high of $82.43 on Saturday<\/a>. The rally was fueled in part by comments from President Donald Trump advocating for Hyperliquid\u2019s expansion into the U.S. The milestone surge propelled HYPE\u2019s market capitalization toward $18 billion\u2014a staggering trajectory for a token that opened the year trading at just $25.<\/p>\n<p>Outside of a few exceptions\u2014including TRX, BNB, RAIN, XMR, and LEO\u2014most high-cap altcoins notched weekly gains above 20%, underscoring how the U.S. Treasury\u2019s announcement reignited investor appetite. Broadly, only a small subset of tokens ended the week in negative territory. WLFI led the minor decliners with a 5% drop, while BEAT and H suffered the market\u2019s deepest sell-offs overall, plunging 63% and 50%, respectively.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/crypto-market-surge-500b-added-as-market-cap-hits-2-74t\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways \u2022 Macro catalysts and a 22% bitcoin jump pushed the total crypto market cap past $2.74 trillion in mid-August. Zcash surged 70% and XRP gained 51% as broad demand drove most major altcoin valuations up by over 20%. Donald Trump\u2019s backing sent HYPE to an $82.43 [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":77196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77195"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77195"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77196"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}