Bitcoin Rises 25% in August, 80% of Top Assets Record Gains, According to CryptoRank

August Market Sees 80% of Top Assets Turn Positive

In August, the cryptocurrency market saw a significant broadening of its upward trajectory. According to a monthly analysis compiled by CryptoRank on the 7th, out of the top 100 market cap assets excluding stablecoins, 70 out of 84 assets (83%) experienced a rise over the month, marking the most extensive bullish trend of the year.

Considering that the same 84 assets had seen an 87% decline in June, the turnaround within just eight weeks highlights the core of the August market dynamics, as reported.