Cryptocurrency markets extended last week’s sharp recovery on Monday, with bitcoin holding above $77,000 and gains spreading across Ethereum, XRP, Solana and a broad range of smaller tokens as improving liquidity expectations and renewed U.S. regulatory optimism continued to support risk appetite.
At around 10:05 a.m. UAE time, bitcoin traded at $77,106.33, up 1.33 percent over 24 hours and 21.59 percent over seven days. Its market capitalization stood at about $1.55 trillion, with approximately $32.28 billion in 24-hour trading volume.
A live CoinMarketCap check shortly afterward put bitcoin at about $77,113, with a 21.57 percent seven-day gain, confirming that the cryptocurrency remained close to the supplied market snapshot as trading continued.
The wider cryptocurrency market was worth about $2.62 trillion, up 1.53 percent over 24 hours, while total daily trading volume reached $91.65 billion. Bitcoin dominance stood at 59.2 percent and ether dominance at 11.3 percent. CoinMarketCap’s Fear and Greed Index reached 78 out of 100, indicating that greed continued to dominate market sentiment.
Rally momentum broadens
The live check put Ethereum near $2,449, BNB around $699, Solana at roughly $94.18 and XRP near $1.47. Ethereum was up about 29 percent over seven days, Solana nearly 25 percent and XRP approximately 47.5 percent, demonstrating the extent to which the recovery had spread beyond bitcoin.
Despite the strength of those gains, CoinMarketCap’s Altcoin Season Index stood at 41 out of 100, keeping the market in “Bitcoin Season.” CoinMarketCap classifies the market as altcoin season only when at least 75 percent of the top 100 eligible cryptocurrencies outperform bitcoin over the preceding 90 days.
The rebound accelerated late last week after U.S. Treasury actions aimed at supporting bond-market liquidity boosted a range of risk assets. Bitcoin moved back above $70,000 as crypto-linked equities also rallied.
President Donald Trump added to regulatory optimism by again calling on Congress to pass a version of the CLARITY Act, which seeks to establish clearer definitions for digital assets and determine how federal securities and commodities regulators divide oversight of the sector. The legislation, however, remains stalled in the Senate.
Treasury boosts sentiment
The Treasury’s August quarterly refunding statement said it expects to purchase up to $38 billion in off-the-run securities during the quarter for liquidity-support purposes and up to $25 billion in securities in the one-month to two-year maturity bucket for cash-management purposes.
Markets reacted even more strongly to Treasury’s move to increase longer-dated bond buybacks, which pushed yields lower initially and weighed on the dollar. Bitcoin, gold and other alternative assets benefited as investors reassessed liquidity conditions and concerns over U.S. fiscal policy.
Bitcoin recorded one of its strongest weeks in years, climbing more than 20 percent as falling yields, dollar weakness, short covering and regulatory developments combined to accelerate the rebound. The move also lifted crypto-related equities and intensified interest in assets outside bitcoin.
Attention now turns to Federal Reserve Chair Kevin Warsh’s keynote remarks at the Jackson Hole Economic Policy Symposium on Friday, August 28. The Fed calendar shows Warsh is scheduled to speak at 10 a.m., with markets looking for guidance on inflation, interest rates and the economic outlook.
Major cryptocurrencies rise
Ethereum traded at $2,446.79 in the supplied snapshot, gaining 2.90 percent over 24 hours and 28.91 percent over seven days, with a market capitalization of $295.17 billion. A live check placed ether at about $2,449, up 3.09 percent on the day and 29.07 percent over seven days.
Tether stood at $1.0003, little changed over 24 hours and down 0.11 percent for the week. BNB gained 1.95 percent to $698.50 and was up 15.21 percent weekly, while the later CoinMarketCap reading showed it close to $698.66.
XRP rose 2.19 percent in the supplied snapshot to $1.4757 and extended its seven-day gain to 46.64 percent. The live check continued to show XRP near $1.47, with its weekly advance approaching 48 percent.
USD Coin slipped 0.02 percent to $0.9999, while Solana rose 1.05 percent to $94.047 and was up 24.42 percent for the week. Live pricing shortly afterward placed Solana around $94.18, with a weekly gain of nearly 25 percent.
Weekly gains accelerate
TRON gained 0.78 percent to $0.344748, Hyperliquid rose 1.51 percent to $79.4960 and Dogecoin advanced 2.32 percent to $0.091845. Current CoinMarketCap readings continued to show all three in positive territory, with Hyperliquid up more than 36 percent over seven days and Dogecoin up more than 31 percent.
Zcash climbed 5.26 percent in the supplied snapshot to $838.34, bringing its weekly surge to 68.52 percent. The rally subsequently strengthened further, with CoinMarketCap showing Zcash around $841 and up roughly 70 percent for the week.
Chainlink gained 2.77 percent to $11.503, while UNUS SED LEO declined 1.82 percent to $9.3020. Cardano increased 0.81 percent to $0.2196.
Monero fell 3.25 percent to $415.980. A later CoinMarketCap reading placed it near $416.70 and down roughly 3 percent over 24 hours. Stellar rose 3.03 percent to $0.19490, while Bitcoin Cash gained 1.51 percent to $269.71.
Canton jumped 6.67 percent to $0.12405, while Dai edged 0.01 percent higher to $0.99987 and Ethena USDe held around $1.
Smaller tokens advance
Gram rose 2.12 percent to $1.5434, Litecoin gained 1.82 percent to $52.11 and World Liberty Financial USD1 edged 0.02 percent higher to $0.9999.
Hedera advanced 4.93 percent to $0.07991, Global Dollar added 0.01 percent to $0.9999 and Sui gained 4.92 percent to $0.8239. Avalanche increased 1.61 percent to $7.50, while Shiba Inu climbed 2.28 percent to $0.00000539.
Cronos was among the stronger performers, jumping 9.32 percent to $0.06071, while PayPal USD edged 0.03 percent higher to $1.
Gold-backed cryptocurrencies also tracked gains in the precious metal. Tether Gold rose 0.77 percent to $4,619.70 and PAX Gold advanced 0.91 percent to $4,633. Current CoinMarketCap pricing continued to place both tokens above $4,600.
Uniswap surged 9.71 percent to $4.4813, Bittensor climbed 7.76 percent to $235.25, NEAR Protocol gained 8.42 percent to $1.9973 and OKB advanced 5.85 percent to $114.43.
Read more: Bitcoin surges to $77,630 as Trump comments raise U.S. crypto regulatory hopes
Altcoin rally strengthens
Aave ranked among the market’s strongest performers, jumping 14.95 percent to $143.89 and extending its seven-day gain to 64.79 percent. Current market data continued to show Aave near $143, with strong double-digit daily gains.
Ripple USD rose 0.02 percent to $1.00096, while Pump.fun declined 2.79 percent to $0.005020 in the supplied snapshot despite remaining up 72.29 percent for the week. Intraday trading subsequently turned firmer, illustrating the volatility still present among smaller tokens.
Aster gained 6.92 percent to $0.6849, World Liberty Financial slipped 0.18 percent to $0.0584 and Ondo advanced 5.19 percent to $0.37300. Mantle jumped 9.83 percent to $0.5199.
Pepe increased 4.36 percent to $0.00000401 and was up 53.59 percent over seven days.
Ethena surged 10.06 percent to $0.1674, taking its weekly gain to 99.71 percent. A subsequent live CoinMarketCap reading continued to show Ethena around $0.167 and up more than 10 percent on the day.
Sky rose 6.25 percent to $0.06821 and Polkadot advanced 2.57 percent to $0.908. MemeCore gained 0.57 percent to $1.18060 but remained down 0.67 percent for the week, while USDD was unchanged near $1 and up 0.08 percent over seven days.
Regulation remains key
The renewed rally comes amid a broader change in the U.S. regulatory environment for digital assets. On August 18, the Securities and Exchange Commission proposed a new framework that could provide exemptions from some traditional securities requirements for qualifying crypto offerings.
The proposal includes pathways for certain token issuers to raise capital under disclosure and reporting requirements, as well as a proposed safe harbor that could exclude some crypto assets from securities classification when specified conditions are met. The proposal remains subject to a public-comment period.
Those agency measures have taken on greater significance because comprehensive market-structure legislation has yet to clear Congress. Trump used a White House crypto event on August 19 to urge lawmakers to advance the CLARITY Act, but disagreements in the Senate mean the timing and final form of any legislation remain uncertain.
The combination of administrative action, proposed SEC rules and continued congressional debate has nevertheless improved sentiment compared with the regulatory uncertainty that weighed on the sector in earlier periods.
Macro signals ahead
Macroeconomic conditions remain equally important to whether bitcoin can sustain the latest rebound.
The Treasury’s intervention in the bond market initially pushed long-term yields lower and weakened the dollar, helping assets such as bitcoin and gold. Reuters reported that bitcoin rose above $70,000 for the first time since June following the announcement, while shares of Coinbase and other crypto-linked companies also climbed.
The subsequent move above $77,000 turned the recovery into one of bitcoin’s strongest weekly advances in years and triggered substantial covering of bearish positions across the crypto derivatives market.
Friday’s Jackson Hole speech will therefore be closely watched for any indication that Warsh sees persistent inflation as requiring tighter policy or, alternatively, believes financial conditions and the economic outlook provide room for a less restrictive stance.
