Total crypto market cap adds $113B as Bitcoin, Ethereum rally

The total cryptocurrency market capitalization jumped by $113 billion in a single day as Bitcoin, Ethereum, and a basket of major altcoins posted coordinated gains. The move pushed the total market cap back toward the $2.3 trillion mark, the upper boundary of the range it has been consolidating within since mid-summer. For a market that shed roughly $780 billion year-to-date before stabilizing, any triple-digit-billion daily gain is going to turn heads. What the numbers look like Bitcoin recently traded in a band between $63,500 and $68,000, while Ethereum hovered between $1,900 and $2,080. Both assets contributed meaningfully to the day’s surge, though neither broke out of the broader ranges they’ve been grinding through for weeks. The total market cap has been oscillating between roughly $2.18 trillion and $2.3 trillion through August 2026. A recovery of approximately $170 billion since July has brought some relief, but context matters: the market peaked near $3.87 trillion in 2025, meaning current levels still represent a roughly 40% drawdown from those highs. Twenty-four-hour trading volumes have ranged between $48 billion and $80 billion recently. That’s respectable liquidity,...