The crypto is going up today, August 27, with Bitcoin price rising to $112,000 and Ethereum jumping to $4,600. Top altcoins like Bonk (BONK), Hedera Hashgraph (HBAR), and Dogwifhat (WIF) were among the best-performing tokens.

Bonk price jumped by over 7.5%, while HBAR and WIF price jumped by over 6%. Some of the other top-performing tokens like Cronos, Hyperliquid (HYPE), Story (IP), and Sky (SKY). This jump pushed the market capitalization of the crypto market to over $3.8 trillion.

Why is Crypto Going Up Today?

The crypto market is rising today after falling in the past few days. This crash happened for three main reasons:

First, the rebound was likely because of profit-taking among investors…