Crypto Market Soars to $3.91 Trillion as Pyth Network Leads Gains

The cryptocurrency market experienced a significant surge on August 28, with global capitalization reaching a new record of $3.91 trillion after a notable 0.92% daily increase. Trading activity also surged, with volumes exceeding $174.11 billion, an impressive 1.75% jump. Experts attribute this upward trend to several key factors, including the U.S. Strategic Bitcoin Reserve initiative, which has gained momentum following Trump-era policies that have accelerated Bitcoin adoption. Furthermore, El Salvador’s President Nayib Bukele indicated a potential increase in national holdings of Bitcoin, further invigorating market sentiment.