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Crypto market surges $500B in August; Zcash leads with 82% gain, Bitcoin up 25%

Market News
01 Sep 2026, 12:59 WIB
Bitcoin
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Bullish
Crypto market surges $500B in August; Zcash leads with 82% gain, Bitcoin up 25%

In August 2026, the cryptocurrency market rallied strongly, adding about $500 billion to push total market capitalization above $2.7 trillion. This surge was driven by the U.S. Treasury's decision to double bond buybacks and supportive comments from Treasury Secretary Scott Bessent. Bitcoin rose nearly 25%, breaking above $81,000, while privacy coin Zcash outperformed all major cryptocurrencies with an 82% increase. Analysts suggest that if this policy-driven momentum continues, Bitcoin could end 2026 with net gains despite earlier losses.

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