Monica Markets | Monday August 24, 2026

Monday morning and the crypto market is carrying the energy of what just happened last week into a new trading week, Bitcoin still holding above $77,000 after its best seven-day performance in over three years, altcoins finding their footing alongside it and institutional money flowing back in at a pace that is changing the entire feel of a market that spent the first half of 2026 in genuine pain.

Here is where every coin Monica supports is sitting as the week opens:

BTC — Bitcoin

~$77,000 to $78,000

Up approximately 23% last week, its strongest single-week performance since March 2024, driven by the US Treasury's bond buyback expansion, a White House crypto meeting and the largest short squeeze in Bitcoin's recorded history wiping out more than $1.3 billion in bearish positions in a single hour on August 19. Spot Bitcoin ETFs recorded $1.92 billion in weekly inflows, the strongest institutional week of 2026. Bitcoin is now trading 15 percent below its January 2026 opening price of approximately $91,650, the smallest gap of the three major crypto assets from January levels.

ETH — Ethereum

~$2,400 to $2,500

Ethereum has continued its July momentum into August, recovering from its June low of $1,550 and approaching resistance near $2,500 that analysts have flagged as the next key level to clear. The staking ETF narrative remains the strongest fundamental story behind ETH's recovery, with BlackRock's ETHB continuing to attract consistent inflows even as the broader market consolidates.

SOL — Solana

~$94.04 to $94.92

Solana is trading at its highest level since early June, finally beginning to reflect some of the network activity that has been printing records for months. The Alpenglow upgrade targeting 150 millisecond finality is rolling out through August and October, adding a fresh technical catalyst to ETF inflow momentum that has remained one of the most consistent stories in the altcoin market throughout 2026.

BNB — Binance Coin

~$697.36

BNB is testing the $697 level and approaching the psychologically significant $700 mark, with Binance's Maxwell Upgrade improving scalability providing fundamental support alongside the broader market recovery. BNB holds a market capitalisation of approximately $92.8 billion, remaining one of the top five cryptocurrencies by market cap globally.

TRX — TRON

~$0.34

TRON is trading steadily at $0.34 with a market capitalisation of approximately $32.6 billion, supported by its role as one of the most active networks for USDT transfers globally. Bitcoin.com Wallet's addition of native TRON support, announced August 21, adds fresh infrastructure reach to the network's already significant stablecoin settlement activity.

USDT — Tether

~$1.00

Holding its dollar peg with a market capitalisation exceeding $140 billion, USDT remains the world's most widely used stablecoin and Nigeria's dominant choice for crypto-based savings and transfers. Stable as always.

USDC — USD Coin

~$1.00

USDC holds its dollar peg with a market capitalisation of approximately $73.5 billion, continuing to attract institutional adoption following the GENIUS Act's federal framework for payment stablecoins and Visa's integration of USDC settlement across its global payment network through the Visa Stablecoin Platform.

What is driving the market this week:

The Federal Reserve's Jackson Hole symposium concluded last week with Fed Chair Kevin Warsh signalling cautious optimism about the inflation trajectory without committing to a September rate cut, a tone that the market interpreted as broadly supportive of risk assets without providing the definitive dovish catalyst some had hoped for, US Treasury Secretary Scott Bessent declared an economic standoff against Iran adding a geopolitical dimension to energy markets that will keep oil prices and therefore inflation expectations in focus throughout the week, and the CLARITY Act's September legislative path remains the single most important policy catalyst for crypto markets with the Senate returning from recess on September 14.

This week to watch:

US Consumer Confidence data Tuesday August 25, PCE inflation data Friday August 29 which is the Fed's preferred inflation measure and will shape September rate expectations, and any new developments on the CLARITY Act's procedural path ahead of the Senate's September 14 return.

Every price on this page changes every second across global exchanges. The figures above reflect data compiled from Blockchain.com, CoinGecko, Paybis and Investing.com as of Monday August 24 2026 morning. Always verify before making financial decisions.

All seven coins Monica supports are live and ready to convert to naira the moment your rate works for you.

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