Crypto Market Recap: Bitcoin Firms Near $65K, XRP Lags
The cryptocurrency market opened the second week of August 2026 on firmer footing. Over the past seven days Bitcoin, Ethereum and Solana each climbed between 1% and 4%, while XRP moved the other way, sliding roughly 5% to about $1.03. The total crypto market capitalization added around 1.4% to sit near $2.19 trillion, a reminder that the recovery remains steady rather than spectacular.
Thank you for reading this post, don't forget to subscribe!This recap walks through the seven-day performance of the largest coins, the flows moving beneath the surface, and what it all means for investors watching from Israel and beyond.
Bitcoin and Ethereum Hold the Line
Bitcoin spent the week grinding higher, opening around $63,500 on Monday and finishing near $65,100 by Friday, with intraday prints as high as roughly $65,140. That leaves the largest cryptocurrency comfortably inside the $63K-$65K range it has defended through the summer. Bitcoin dominance stayed elevated at roughly 57%, underscoring that capital is still concentrating in the market leader rather than rotating aggressively into smaller tokens.
Ethereum tracked a similar path, trading near $1,920 into the weekend after ranging between roughly $1,840 and $1,930 during the week. The second-largest cryptocurrency continues to hold about 10% of total market value. Notably, exchange-traded funds tied to both Bitcoin and Ethereum attracted hundreds of millions of dollars in fresh capital over the week, a sign that institutional demand through regulated products remains intact.
Where the Top Coins Stand
The table below summarizes the approximate levels and weekly direction for the market’s leading assets. Figures are drawn from market data for the week ending August 10, 2026 and are rounded for readability.
| Coin | Approx. price | 7-day move |
|---|---|---|
| Bitcoin (BTC) | ~$65,100 | +1% to +4% |
| Ethereum (ETH) | ~$1,920 | +1% to +4% |
| Solana (SOL) | higher on the week | +1% to +4% |
| XRP | ~$1.03 | -5% |
| Total market cap | ~$2.19T | +1.4% |
The Macro Backdrop
The week’s steady tone did not happen in a vacuum. Crypto traders spent the period watching the same macro signals moving traditional markets: a closely tracked US jobs report and easing geopolitical tension around the Strait of Hormuz. Softer-than-expected labor data tends to lift risk assets like Bitcoin, because it strengthens the case for looser monetary policy, and prices firmed into the weekend once the July employment figures landed. De-escalation on the geopolitical front removed another source of anxiety. For crypto, the lesson of the week is that the asset class is now tightly wired into the broader macro narrative rather than trading in its own bubble.
XRP Gets Left Behind
The clear underperformer was XRP. While the majors bounced, XRP fell about 5% to $1.03. The weakness showed up in fund flows too: XRP-focused exchange-traded funds recorded net inflows for a fourth consecutive week, but the amount of new capital collapsed roughly 93% to around $1 million. Set against the hundreds of millions flowing into Bitcoin and Ethereum products, that gap explains why XRP lagged even as the broader market drifted higher. For traders, it is a useful case study in how ETF demand, not just headlines, increasingly drives short-term price behavior.
Solana and the Broader Field
Solana joined the majors in positive territory, adding somewhere in the 1% to 4% band for the week. Stablecoins, meanwhile, held around $302 billion in combined value, roughly 13% of the total market. That large, stable base matters: it represents dry powder sitting on exchanges and in wallets, ready to move into risk assets when sentiment turns more decisively bullish. Trading volume across the market ran near $30 billion over 24 hours, healthy but not frothy.
The Israeli Angle
Israel remains one of the most active blockchain hubs relative to its size. The country is home to infrastructure heavyweights such as Fireblocks, which secures institutional crypto custody and transfers, and StarkWare, whose zero-knowledge scaling technology underpins a growing share of Ethereum activity. Steady weeks like this one, where Bitcoin and Ethereum consolidate rather than lurch, tend to favor the builders: Israeli startups working on custody, tokenization and Layer 2 infrastructure benefit from a calmer market that lets enterprises plan deployments without chasing volatility.
On the policy side, the Bank of Israel has continued its measured research into a digital shekel, while local regulators refine how exchanges and service providers operate. For Israeli investors, the practical takeaway from this week is continuity: the majors are stable, institutional rails are deepening, and the regulatory picture is evolving rather than lurching. Readers can follow the themes in more depth through our Bitcoin coverage, our market analysis archive, and our regulation and ETF section.
The Bottom Line
Week two of August 2026 was a quietly constructive one for the crypto market. Bitcoin firmed toward $65,000, Ethereum held near $1,920, Solana advanced, and only XRP broke ranks. With ETF inflows still favoring the two largest assets and total market cap edging up to $2.19 trillion, the market looks like it is building a base rather than breaking out. The next catalysts to watch are macro data and continued regulatory clarity, both of which could tip this steady drift into a stronger trend.
For Hebrew-language coverage, visit coindex.co.il. Portuguese readers can find similar analysis at coindice.com.br.
This content is for informational purposes only and does not constitute financial advice.
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