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It was almost painful for days to write these price updates, but this isn’t the case today, as bitcoin recorded its most impressive surge in 2026 that wasn’t after a notable decline. The asset skyrocketed by several grand yesterday and tapped a two-month peak at over $70,000.The altcoins have all turned green as well, helping the total market cap add $200 billion in the span of less than 24 hours.<h2 id="btc-rocketed-past-70k">BTC Rocketed Past $70K</h2>It was less than a week ago, on Friday, when the bears appeared to be in control of the market, pushing the largest digital asset to $62,500. Although it rebounded in the following days, it remained sideways at $63,000 with little to no indication of an upcoming breakout.The first signs emerged on Monday and Tuesday as the cryptocurrency gradually increased to $64,000 and even briefly tapped $65,000. It was stopped there and slipped to $64,400 yesterday before all hell broke loose. What took place in the following few hours was almost thought to be impossible in the crypto markets.Bitcoin <a href="https://cryptopotato.com/over-1b-in-liquidations-as-bitcoin-surges-to-2-month-high-above-67k/" rel="noopener noreferrer nofollow">initiated a massive leg up</a> that drove it higher by over $6,000 in hours. It smashed through several key resistance zones and finally touched $70,000 for the first time since mid-June. Although it was stopped there at first and slipped to $68,000, the bulls were more <a href="https://cryptopotato.com/bitcoin-just-hit-8-of-12-capitulation-signals-vaneck-thinks-the-pain-may-be-nearing-its-end/" rel="noopener noreferrer nofollow">persistent</a> and drove it higher to well over $70,000 as of press time again, while the community <a href="https://cryptopotato.com/why-did-the-bitcoin-price-suddenly-spike-toward-70k/" rel="noopener noreferrer nofollow">comments on the possible reasons</a> behind this surge.Its market capitalization has exploded by over $100 billion in a day to $1.410 trillion on CG. Its dominance over the alts stands tall at 57%.<figure id="attachment_1446278" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/08/BTCUSD-August-20-1.png" rel="noopener noreferrer nofollow"><img class="wp-image-1446278 size-full" src="https://cryptopotato.com/wp-content/uploads/2026/08/BTCUSD-August-20-1.png" alt="BTCUSD August 20. Source: TradingView" width="1835" height="917"></a><figcaption id="caption-attachment-1446278" class="wp-caption-text"> BTCUSD August 20. Source: TradingView </figcaption></figure><h2 id="alts-see-nothing-but-green">Alts See Nothing But Green</h2>Ethereum has taken the main stage during this revival, surging by over 17% to a multi-month peak of its own at $2,270. HYPE has also taken full advantage of the situation, especially after some promising words from Trump, and now sits at $72 following a mind-blowing 24% pump. SOL, XRP, DOGE, RAIN, ZEC, LINK, and BNB are all in the green.There are a few exceptions, such as XMR and WLFI, but the dominant market sentiment among the alts has flipped significantly.This has pushed the total crypto market cap to $2.470 billion as of press time – or roughly $200 billion higher than yesterday.<figure id="attachment_1446279" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/08/Screenshot-2026-08-20-111107.png" rel="noopener noreferrer nofollow"><img class="wp-image-1446279 size-full" src="https://cryptopotato.com/wp-content/uploads/2026/08/Screenshot-2026-08-20-111107.png" alt="Cryptocurrency Market Overview August 20. Source: QuantifyCrypto" width="1881" height="823"></a><figcaption id="caption-attachment-1446279" class="wp-caption-text"> Cryptocurrency Market Overview August 20. Source: QuantifyCrypto </figcaption></figure>The post <a href="https://cryptopotato.com/crypto-markets-add-over-200b-daily-as-bitcoin-btc-surges-past-70k-market-watch/" rel="noopener noreferrer nofollow">Crypto Markets Add Over $200B Daily as Bitcoin (BTC) Surges Past $70K: Market Watch</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Crypto Markets Add Over $200B Daily as Bitcoin (BTC) Surges Past $70K: Market Watch

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