Altcoins Soar as Bitcoin Takes a Backseat: CRO, HYPE, and SOL Lead the Charge 🚀💰

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In a world where Bitcoin, the once-mighty titan, has stumbled with a 1.5% dip against the almighty dollar, the lesser-known warriors of the crypto realm have risen to the challenge. Altcoins, those underdogs of the digital currency world, have taken the lead, with CRO making headlines by soaring nearly 90%.

Bitcoin Clings to $2.22T Market Cap as Altcoins Forge Ahead in the $3.89T Crypto Economy

By 1 p.m. Eastern time on Aug. 27, cronos (CRO) had surged by about 89.5% since the week’s beginning. This meteoric rise was sparked when Trump Media, Yorkville Acquisition Corp., and Crypto.com announced the formation of Trump Media Group CRO Strategy, Inc., a grand plan to create a $1 billion digital asset treasury dedicated to CRO. 🌟

Hyperliquid (HYPE) followed closely behind CRO with a respectable gain of nearly 19%, while jito (JTO) and solana (SOL) also made significant strides, advancing by 16.4% and 13.2%, respectively. Aave (AAVE) joined the rally, rising 11.6%, with raydium (RAY) just a step behind at a modest 10%. Avalanche (AVAX) and ethereum (ETH) each added a steady 7-8% to their values over the week.

Kucoin Token (KCS) and four (FORM) completed the top ten performers, each recording a more measured 7% climb. The overall crypto market cap advanced over the past 24 hours, climbing 2.09% to reach $3.89 trillion. Bitcoin, despite its recent stumble, still commands a little more than 57% of that figure with a $2.22 trillion valuation, while ethereum holds a $557 billion market cap, representing 14.3% of the total. 📊

Binance Dominates $172B Trading Day as Rivals Struggle to Keep Pace

Over the last day, the crypto economy saw a trading volume of $172 billion, a 19% drop from the previous day. Binance, the undisputed king of exchanges, continued to dominate with over $22.3 billion in daily trading volume and more than 11.5 million weekly visits-a feat no other exchange can match in terms of liquidity and activity. On Wednesday afternoon, Bitget claimed the second spot with $4.1 billion, narrowly beating MEXC at $3.93 billion and Bybit at $3.91 billion.

Coinbase Exchange and Gate both hovered around $3.4 billion in 24-hour volume, while HTX posted $3.28 billion and OKX $3.07 billion. South Korea’s Upbit followed with $2.63 billion, and Kucoin rounded out the top 10 with $1.86 billion. The week’s crypto market action underscores how liquidity and momentum continue to shape digital asset performance, with capital flowing towards select altcoins while bitcoin lags behind. 📈📉

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2025-08-27 21:08