The global cryptocurrency market capitalization climbed by more than $430 billion in less than a week, reaching $2.68 trillion on Aug. 24 from roughly $2.25 trillion a week earlier, according to CoinGecko data. The gain followed Bitcoin's recovery of the $80,000 level and spread across Ether, Solana and XRP, producing the steepest market rally in months. Bitcoin rose 23% over seven days to $78,995 and briefly moved above $80,000 for the first time since May. Ether gained 30% to $2,481, Solana advanced 28% to $96.82 and XRP surged 48% to $1.48. Profit-taking later emerged, although total market value remained near $2.7 trillion on Aug. 28. Expectations for US liquidity support, a stronger regulatory framework and about $1.92 billion in weekly net inflows into US spot Bitcoin exchange-traded funds supported sentiment. The market-capitalization increase did not represent an equivalent amount of new money entering crypto: QCP Capital said declining derivatives open interest (outstanding contract positions) indicated that forced liquidations of short positions also contributed to the rally. Hawkish remarks from Federal Reserve Chair Kevin Warsh have raised concerns about a September rate increase, leaving ETF flows and US interest rates as key factors in whether the advance continues.