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Crypto market cap jumps to $2.9T; Bitcoin tops $65K, Cardano and privacy coins lead gains, XRP falls.

Market News
08 Aug 2026
Bitcoin
View Source
Bullish
Crypto market cap jumps to $2.9T; Bitcoin tops $65K, Cardano and privacy coins lead gains, XRP falls.

In the first week of August 2026, the cryptocurrency market surged with total capitalization rising from under $2.2 trillion to $2.9 trillion. Bitcoin led the rally, climbing over 3% to surpass $65,300 despite regulatory setbacks from the U.S. Senate's failure to pass the CLARITY Act. Cardano (ADA) stood out with double-digit gains for the second week, boosted by a strategic partnership with Injective protocol, while privacy coins like ZEC and XMR also saw notable increases. However, XRP and some other major altcoins declined. The delay in the CLARITY Act vote means short-term crypto price movements will depend more on sector-specific developments until the bill returns to the Senate floor in mid-September.

More News (BTC)

Cardano Foundation gets first-ever blockchain-attested audit from Grant Thornton Switzerland

Cardano Foundation gets first-ever blockchain-attested audit from Grant Thornton Switzerland

Grant Thornton Switzerland has officially attested the Cardano Foundation's 2025 financial statements directly on the Cardano blockchain, marking the first time a major crypto organization has received an on-chain auditor's signature. This audit, dat...

Protocol Fundamentals
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Bitcoin price falls 2.1% after US jobs data boosts Treasury yields and weakens risk appetite

Bitcoin price falls 2.1% after US jobs data boosts Treasury yields and weakens risk appetite

Bitcoin briefly rose above $82,000 on September 4 but then dropped 2.1% to around $79,560 after stronger-than-expected US employment data raised Treasury yields and the likelihood of a Fed rate hike. This weakened demand for risk assets like Bitcoin,...

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6 hours ago
Bitcoin tests crucial $78,000 support after dropping nearly 4% from $82,281 peak

Bitcoin tests crucial $78,000 support after dropping nearly 4% from $82,281 peak

Bitcoin fell nearly 4% from its recent high of $82,281 to around $79,000, testing a key support level at $78,000. This support will determine if the recent bullish breakout holds or if prices could drop further toward $74,081. The prior rise was part...

Market News
Neutral
6 hours ago
Bitcoin drops below $78,700 wiping out $295M in long positions after strong US jobs data.

Bitcoin drops below $78,700 wiping out $295M in long positions after strong US jobs data.

Bitcoin surged past $82,000 before sharply falling below $78,700, erasing nearly all gains after strong US employment data reduced expectations for a Federal Reserve rate cut. This sudden reversal triggered over $295 million in long position liquidat...

Market News
Bearish
6 hours ago
Bitcoin-gold correlation hits 6-year high as Bitcoin nears $85K amid investor flight to safe assets.

Bitcoin-gold correlation hits 6-year high as Bitcoin nears $85K amid investor flight to safe assets.

Bitcoin's price rose nearly 1% to around $79,262 on September 4, extending a one-month rally of about 23%. Simultaneously, gold prices climbed sharply, pushing their correlation to the highest level in six years. This trend reflects growing investor ...

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7 hours ago
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