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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.

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