Crypto Market Roundup: August 20 – Bullish IPOs and DeFi Slowdown

The cryptocurrency market saw a notable surge, with a total capitalization currently exceeding $3.89 trillion, representing a growth of 2.5% in the past 24 hours. Trading volume reached over $166 billion, with Bitcoin holding a dominant 58% market share and Ethereum at 12.8%. The crypto landscape is influenced by major events such as Wiki Cat’s surge and DeFi activity.