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Crypto Weekly: Solana Leads Altcoin Gains as XRP and DOGE Slide
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The crypto market cap ended the week flat at $2.73 trillion after volatile swings between $2.70 trillion and $2.79 trillion, contrasting with the previous week’s $500 billion expansion.
Key facts
- The crypto market cap ended the week flat at $2.73 trillion after volatile swings between $2.70 trillion and $2.79 trillion, contrasting with the previous week’s $500 billion expansion
- Market data shows that after starting the week with an aggregate market capitalization of close to $2.74 trillion, the crypto economy dropped below $2.7 trillion Aug
- Despite the mixed performance, the combined market capitalization for altcoins rose over 4%, from $1.13 trillion at the start of the week to $1.18 trillion Aug. 29
- Privacy coin Monero (XMR) also logged impressive gains, climbing from $425 to cap the week at $463 on Saturday
Summary
Crypto markets ended Aug. 29 flat at $2.73 trillion as volatility offset prior gains. Altcoins diverged sharply as SOL rallied on Charles Schwab listing news while DOGE fell 7.2%. Arch Lending CTO Himanshu Sahay expects bitcoin to increasingly trade on broader macro trends. Crypto markets endured another volatile session this week as bitcoin and major altcoins retreated from multi-week highs before mounting a late recovery.