Key Points of This Article: BTC Up 25% for the Month, Marking the Third-Highest August Gain on Record; U.S. ETFs See Over $3.5 Billion in Inflows, the Largest Monthly Inflow Since the Start of the Year; 80% of Top Cryptocurrencies Turned Positive in August. The cryptocurrency market saw a significant broadening of gains in August.According to a monthly analysis compiled by CryptoRank on the 7th, 70 of the 84 coins (83%)—excluding stablecoins from the top 100 by market capitalization—rose over the month, marking the broadest rally of the year.Given that 87% of the same 84 coins had fallen in June, the report identifies this reversal—achieved in just eight weeks—as the defining feature of August’s market. Above...
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Bitcoin Up 25% in August; 80% of Top Cryptocurrencies Rise = CryptoRank