Altcoins Add $215B in Three Days, Pushing Total2 Above $1T

Altcoin market capitalization jumped $215 billion between Aug. 19 and Aug. 22, a 24% surge that pushed the Total2 metric – total crypto market cap excluding Bitcoin – back above $1 trillion for the first time in months.

The rally followed a series of statements by President Trump on Aug. 19. Trump said the United States would buy large amounts of Bitcoin, urged Congress to pass the Clarity Act to establish clearer crypto rules, and claimed his administration had ended what he called the war on crypto, according to a summary by crypto analyst Darkfost.

Before the announcements, the altcoin market had been under pressure. Darkfost said 80% to 85% of altcoins listed on Binance had traded below their 200-day moving average since November, reflecting extended weakness. After the rally, 56% of tracked altcoins reclaimed that level, he said.