The aggregate crypto market cap rose from under $2.2 trillion to $2.9 trillion during the first week of August 2026. Bitcoin gained over 3% to peak above $65,300, pushing its market cap past $1.3 trillion while Cardano logged a second week of double-digit gains.
Bitcoin Reclaims $65,000 Despite CLARITY Act SetbackThe first week of August delivered strong momentum across the cryptocurrency market, with aggregate market capitalization surging from a low under $2.2 trillion to reach $2.9 trillion by Aug. 8. Bitcoin spearheaded the rally, reclaiming the $65,000 threshold for the first time in August and lifting its total market cap back past $1.3 trillion.
Market data shows bitcoin gained over 3% over seven days, ascending from $62,721 to a peak just above $65,300 on Friday before consolidating above key support. Crucially, bitcoin secured these gains despite regulatory headwinds following the U.S. Senate’s failure to pass the CLARITY Act.
Conversely, select major altcoins lagged behind the broader market expansion. XRP slid below $1.02 on Aug. 7, finishing down 1.5% and standing as the sole top-10 digital asset to post weekly losses. Stellar (XLM) also retreated 3.3%, while steeper corrections hit CC (-20%), (CRO (-9%), SHIB (-8.8%), and ONDO (-8%).
