Altcoin Market Value Surges 24% in Four Days, Hits $1 Trillion Mark
The altcoin market saw a significant surge in value over the past four days, pushing its total market capitalization above $1 trillion for the first time in weeks.
According to data, the Total2 market cap rose by around $215 billion, a nearly 24% increase between August 19 and 22. This growth was led by mid-cap and small-cap coins, according to CryptoQuant analyst Darkfost.
The rise in altcoin values has also been accompanied by an increase in the correlation between Bitcoin and altcoins, with the 14-day average correlation reaching 0.87, its highest level since June 2026.
Wall Street also joined in on the move, with crypto ETFs tracking altcoins pulling in near $90 million in net inflows for the week ending August 21. XRP led these inflows, followed by Solana and Chainlink.