Bitcoin gains 25% as August rally broadens across crypto market

  • CryptoRank found 70 of 84 non-stablecoin assets among the top 100 tokens rose in August.
  • Bitcoin gained 25% in August, its third-largest August increase on record according to CryptoRank.
  • US ETFs attracted more than $3.5 billion in August, the largest monthly inflow of the year to date.

August's crypto rally broadened across leading digital assets, with CryptoRank reporting gains for 70 of 84 non-stablecoin assets among the 100 largest tokens, an 83% advance rate that newer summaries rounded to 80% of top-ranked cryptocurrencies. The figure was the year's broadest and reversed June, when 87% of the same group declined. CryptoRank measured Bitcoin's August gain at 25%, its third-largest August increase on record, while Binance Research had previously described Bitcoin as rising more than 30% during the month. US ETFs attracted more than $3.5 billion, their largest monthly inflow of the year to date. Global crypto market capitalization rose 17.6% to $2.70 trillion, and centralized exchanges processed $811 billion in spot trading volume, up 15% from July's $705 billion.

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