Bitcoin drops below $109k as ETH, XRP and SOL dip
The cryptocurrency market experienced a sharp downturn on August 29, 2025, with Bitcoin price slipping to under $109,000 as selling pressure mounted.
As top altcoins like Ethereum, BNB, Solana and XRP gave up gains, the total market capitalization dropped to $3.76 trillion, down 3.4% in the past 24 hours.
Meanwhile, daily trading volume rose 9% to over $193 billion amid the sell-off, and crypto liquidations shot up 80% to over $531 million.
Crypto market volatility comes as risk assets, including stocks, react to macroeconomic uncertainty.
After the latest inflation data, stocks fell as investors were rattled that the Federal Reserve could continue its cautious stance on rate cuts.
Bitcoin drops 3% to below $109k
It’s been a week of…
