According to CoinMeta, following Trump's summit with crypto industry executives on August 19th, the total market value increased by approximately $215 billion in just three days, during which time Altcoin rose by over 24%. According to the analysis of analyst Darkfost from CryptoQuant, around 80%-85% of the Binance listed Altcoin have been trading below their 200-day moving averages during the continuous weakness since November last year, but now more than half of the tokens have recovered to that level. Although the market breadth has significantly improved, Bitcoin's dominant position remains a warning sign, as it currently accounts for 59.7% of the total crypto market value. The market began to cool down after the three-day surge, with the total market value dropping by about 5.5% in the past 24 hours to around $2.57 trillion. Policy changes could become the next major catalyst, as the Senate has postponed the review of the "Clarity Act" until September.