Altcoins Roar Back with $215 Billion Surge

Altcoins have shown signs of life after a rough stretch, with fresh momentum spreading across the market this week. Between August 19 and 22, altcoins added around $215 billion to their combined market value, pushing Total2 above $1 trillion.

The breadth of the move is just as notable as its size. On Binance, 56 percent of altcoins now trade above their 200-day moving average, a sharp reversal from the recent past where 80-85% were trading below that level.

Zcash was the week's biggest winner, surging 71.3% to around $832. XRP and Hyperliquid weren't far behind, gaining 48.7% and 38.4%, respectively.

Even major tokens like Bitcoin and Ethereum posted double-digit weekly gains, with Bitcoin trading near $77,000 and Ethereum near $2,437.