Bitcoin Soars to Three-Month High as Zcash Surges Past $1,200

The crypto market finished its first week of September on a high note, despite some mid-week volatility. The aggregate capitalization peaked at $2.82 trillion before retreating slightly to under $2.8 trillion.

Bitcoin led the charge with a Thursday surge to over $82,200, a level it hadn't reached in three months. This propelled its price 1.2% higher for the week and contributed to a 2% gain for the entire crypto economy.

Zcash (ZEC) emerged as the top performer of the week with an astonishing 40% jump that pushed it past $1,200 for the first time since 2016. It re-entered the top 10 digital assets by market cap and displaced HYPE in ninth place.

Other notable gainers included BNB, XMR, and ADA, all of which saw their prices increase by around 7% during the week. In contrast, Ethereum (ETH) fell 0.5%, while several other altcoins suffered losses ranging from 1.6% to 3.5%.