Bitcoin Holds Steady Near $80K as Altcoins Make Gains

Bitcoin continued to trade near $80,000 over the weekend despite its recent volatility. The primary cryptocurrency had a strong month in August, surging by over 25% and closing it in the green for the first time since the bear market began.

In contrast, some altcoins have seen significant gains. ZEC has skyrocketed by 17% daily, pushing towards $1,200, while Arbitrum's native token ARB rose by a massive 42% to over $0.19.

Ethereum also saw a minor increase of 1.75%, and other altcoins like BNB, SOL, HYPE, DOGE, RAIN, XMR, LINK, and ADA have seen similar gains.