BlockBeats News, August 23rd, CryptoQuant analyst Darkfost published an analysis stating that from August 19th to 22nd, the total market capitalization of altcoins increased by $215 billion in just three days, a growth of over 24%, propelling Total2 (crypto market value excluding BTC) back above the $1 trillion mark. Mid-cap and small-cap altcoins saw the most significant gains, with smaller market cap coins experiencing greater price volatility. This market surge was directly triggered by multiple statements made by Trump on the 19th: first, announcing that the U.S. would buy a large amount of Bitcoin and urging Congress to pass the "CLARITY Act," stating that his government has "completely ended the war on cryptocurrency." It is worth noting that these positive developments occurred against a backdrop of extremely thin trading volume and sellers' exhaustion, significantly amplifying the price-boosting effect.

On the Binance platform, around 80% to 85% of altcoin trading pairs have had prices below the 200-day moving average since November last year. However, as of now, 56% have moved back above this average, with over half of the coins reclaiming this key technical level, indicating a systemic shift in the market structure. Based on historical experience, this widespread increase is typically a mid-cycle signal in the altcoin season. Nevertheless, the market has entered the overbought zone and may need a short-term breather to digest gains. If the altcoin momentum remains strong, new opportunities will continue to emerge in the future.