Arbitrum’s native token (ARB) surged by 42% to break above $0.19, standing out on an otherwise sluggish market. Bitcoin (BTC) closed August in the green for the first time since the bear market began, posting a monthly gain of over 25% before reaching a peak of $82,400 in mid-August. Bitcoin subsequently retraced to $76,500 before bouncing back to around $80,000, its current level, with a market capitalization of $1.6 trillion. Zcash (ZEC) also gained 17% to approach $1,200, while the total cryptocurrency market cap remains just above $2.7 trillion.
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