Crypto▲ Bullish
Altcoin Market Cap Surges $215B as Altseason Signals Multiply
Total2 jumped 24% in three days to top $1T. Over half of altcoins now above 200 DMA. Trump comments, ETF inflows fuel rally but caution remains.
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The crypto market snapped out of its summer lull this week, and altcoins led the charge. Between August 19 and 22, the total value of coins outside Bitcoin and Ethereum – known as Total2 – jumped by roughly $215 billion. That is a nearly 24% gain in three days, pushing Total2 back above $1 trillion for the first time in weeks.
Mid-cap and small-cap coins rose the fastest during that stretch, according to CryptoQuant analyst Darkfost. One measure of the shift: the share of altcoins on Binance trading above their 200-day moving average. Back in November, around 80% to 85% of those coins sat below the 200 DMA. As of this week, only about 56% are below it. That means more than half of the tracked altcoins now show a bullish long-term structure.
A separate metric underscores the breadth of the move. Maartunn, another CryptoQuant analyst, noted that the 14-day average correlation between Bitcoin and altcoins hit 0.87, the highest reading since June 2026. "With prices rising, BTC is pulling the broader crypto market higher," he wrote.
The turnarounds started after a series of events on August 19. Donald Trump said he supports the United States buying large amounts of Bitcoin. He also called on Congress to pass the CLARITY Act, a bill aimed at setting clear rules for digital assets. Trump said his administration had ended what he called the government's previous war on crypto.