The cryptocurrency market demonstrated significant growth of 17.6%, reaching a market capitalization of $2.70 trillion. Over the past week, the price of Bitcoin (BTC) increased by 24.8%, marking one of the best weekly performances since 2020. Analysis showed that the share of investors in crypto assets rose from 64% to 72%, while the share of stablecoins decreased by 22%. This indicates that investors are directing additional funds into cryptocurrency rather than withdrawing them from stablecoins. Meanwhile, the volume of crypto perpetuals for the week ending August 23 was $421 billion, indicating growing interest in derivative trading outside the main market.
In addition, Binance's report for September highlights that the bullish market is supported by both institutional investments and ETF activity. Throughout August, investments in Bitcoin ETFs reached $3.52 billion, the strongest figure since October 2025, while Ethereum products recorded a record $824 million in weekly inflows in 2026. However, the altcoin index stands at 37, and Bitcoin's dominance is at 59.7%. This overview indicates the potential riskiness of the September rally, as its growth has been primarily driven by the macroeconomic situation, including declining bond yields in the U.S. following weak employment data.
September will be a key test for the cryptocurrency market. In the first half of the month, trading is expected to be influenced by the publication of employment data (payrolls), the Consumer Price Index (CPI), voting on the CLARITY bill, and the FOMC meeting. At the same time, low BTC dominance (below 60%) and uncertain altcoin dynamics could lead to a correction. An important point remains the possibility of a rapid change in demand from institutional investors, which, according to reports, could trigger a sharp correction if interest in cryptocurrencies begins to wane.