Crypto Market Excluding Bitcoin Surges by Over $215 Billion
The recent rally in Bitcoin has pulled the broader crypto market higher, but the latest data suggest this is more than just a simple rebound.
In the three days from August 19 to August 22, the market capitalization of cryptocurrencies excluding Bitcoin increased by approximately $215 billion, a gain of over 24%.
Total2, a cryptocurrency market index that tracks the total combined value of all digital assets except Bitcoin, has moved back above $1 trillion.
The trend is now more widespread, with 56% of Binance-listed altcoins trading above their 200-day moving averages, up from around 80-85% below this level in late 2025.