Bitcoin hits three-month high above $82,200 as Zcash surges nearly 40%

  • Bitcoin surged above $82,200, lifting total crypto market capitalization to $2.82 trillion.
  • Zcash rose nearly 40% above $1,200 and displaced HYPE from the top 10.
  • Altcoin market capitalization increased from $1.15 trillion to $1.17 trillion during the week.

Bitcoin climbed above $82,200 during the first week of September, its highest level in more than three months, helping total crypto market capitalization reach a weekly peak of $2.82 trillion. The market opened just above $2.71 trillion and ended with a 2% weekly gain despite mid-week volatility and a pullback after U.S. jobs data. Bitcoin later closed the week 1.2% higher, with a $1.6 trillion market capitalization. Zcash (ZEC) was the standout altcoin, rising nearly 40% above $1,200 for the first time since late 2016 and displacing HYPE to rank ninth among digital assets by market capitalization. BNB reached $779 on Sept. 5 and briefly exceeded a $100 billion market capitalization before consolidating below $750, ending the week 7% higher. XMR and ADA also gained 7%, while other altcoins rose between 1.2% and 6%. Ethereum fell 0.5%, XRP and SOL each declined 0.4%, and TRX, RAIN and LEO fell 1.6%, 3.5% and 2.9%, respectively. Altcoins collectively gained 2.2%, with their market capitalization increasing from $1.15 trillion to $1.17 trillion.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.