Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Altcoin Market Jumps $215 Billion Amid Trump-Boosted Rally

Guavy AI Editorial Team
Instruments
BTC ETH BNB
Share

The altcoin market saw a significant surge in August 2026, with Total2, which tracks the combined value of coins excluding Bitcoin and Ethereum, jumping by $215 billion between August 19 and 22. This marks the first time Total2 has crossed above $1 trillion since weeks ago.

Mid cap and small cap tokens posted the fastest gains, according to CryptoQuant analyst Darkfost. About 56% of Binance-listed altcoins are now trading above their 200-day moving average, up sharply from last November.

The 14-day correlation between Bitcoin and altcoins climbed to 0.87, its highest reading since June 2026. Donald Trump's comments backing large-scale US Bitcoin purchases coincided with the rally, while altcoin ETFs pulled in nearly $90 million in a single week.

More on Crypto

Crypto just now

US Treasury Cracks Down on Iran's Crypto Sector with New Sanctions Authority

Crypto just now

India to Tokenize Bonds Using Wholesale CBDC

Crypto 1m ago

Protocol Labs Pulls Plug on InterPlanetary File System (IPFS) Funding

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy