Crypto Market Surge: $500B Added as Market Cap Hits $2.74T

The global crypto market cap surged by $500 billion to peak near $2.74 trillion, its highest level since May, following a U.S. Treasury bond buyback announcement and supportive White House discussions under the Trump administration. Bitcoin trimmed its year-to-date drawdown after a sluggish start to August, with the market surging during the third week.