Bitcoin News Today: Crypto Market Surpasses $3.87T as Altcoins and Eth Surge

The global cryptocurrency market has crossed a significant milestone, with the total market capitalization rising above $3.87 trillion, fueled by a broad-based rally in altcoins and strong performances from Bitcoin and Ethereum [1]. Over the past 24 hours, the market saw a 3.10% increase, while trading volume rose by 35.85% to reach $173 billion. The Crypto Fear & Greed Index also climbed to 59 points, indicating growing investor confidence and a shift toward a "greed" sentiment [2].

Bitcoin (BTC) posted a 2.03% gain, trading at $116,698.88, maintaining its dominance at 60.2% of the total market cap. Ethereum (ETH) outperformed, surging 6.55% to $3,908.41, with its market share rising to 12.1%. These figures reflect increased demand for major cryptocurrencies and a broader willingness among investors to take on risk in the digital asset space [3].

Altcoin activity was particularly robust, with Black Phoenix (BPX), Snowy Owl (SWOL), and PUMP FUN (PUMP) leading the gains. BPX surged by 4,647.46%, reaching $2.37, while SWOL and PUMP recorded increases of 3,731.17% and 532.95%, respectively [4]. The surge in altcoin prices highlights a more diversified crypto market, where smaller tokens are capturing greater attention and capital inflows.

The DeFi sector also showed positive momentum, with total value locked (TVL) rising by 4.63% to $145.021 billion. Aave remained the top DeFi project, growing by 6.17% to $36.963 billion in TVL, while zkBoost recorded the largest 24-hour TVL increase of 284,135% [5]. Non-fungible tokens (NFTs) also saw a 31.42% rise in sales volume, reaching $23.6 million, with the Courtyard collection leading at $2.4 million in sales [6].

Meanwhile, regulatory developments continued to shape the market outlook. Ukraine’s National Bank proposed a framework for crypto legalization, excluding its use for payment purposes. This move signals a growing interest in integrating digital assets into national financial strategies. Additionally, institutional investors such as the Winklevoss twins have made strategic investments in crypto-related ventures, including a Bitcoin mining platform linked to Eric Trump [7].

The rally reflects a maturing crypto market where innovation and adoption are playing key roles in driving long-term growth. While optimism is building, investors remain cautious of potential risks, including whale selling and retail trading volatility. The $3.87 trillion milestone underscores the growing legitimacy of cryptocurrencies as a major financial asset class [8].

Source:

[1] Crypto Market Jumps Above $3.87T Amid Broader Altcoin Spree, (https://blockchainreporter.net/crypto-market-jumps-above-3-87t-amid-broader-altcoin-spree/)

[2] Today's Bitcoin Updates, (https://coinstats.app/en/news/stories/bitcoin/08-08-2025/)

[3] Today's Ethereum Updates, (https://coinstats.app/en/news/stories/ethereum/08-08-2025/)

[4] Blockchain Reporter - X, (https://x.com/blockchainrptr/status/19537582181****2311)

[5] Crypto News: Bitcoin, Ethereum & Price Data, (https://blockchainreporter.net/tag/crypto/)