Crypto News Today August 29: Bitcoin Falls 3.8% as Market Drops 2.9%

Top 10 Crypto News: Bitcoin Drops, Kraken Wallet, Coinbase Delisting

Overall Cryptocurrency News, 29 August 2026: The market fell 2.9% to $2.72 trillion, with Bitcoin and Ethereum declining, while stablecoins stayed resilient and security and regulatory developments shaped sentiment.

Crypto Market Last 24 Hours Update: Prices, Volume & Trends

The global cryptocurrency market today reached a capitalization of $2.72 trillion, down 2.9% in the last 24 hours, with total trading volume at $97.6 billion.

Bitcoin’s (BTC) dominance in the industry remains strong at 57.4%, while Ethereum (ETH) holds 10.9%. The largest gainers in the industry over the past day are Prediction Markets and Tokenized Private Credit.

Bitcoin (BTC) and Ethereum (ETH) Price Analysis

(Note: BTC and ETH are often viewed as less volatile historically, but still risky. The data recorded from Official CoinGecko Data on 29 August 2026 at 1:30 AM UTC)

• Bitcoin (BTC) price today reached $77803.54, down by 3.8% in the last 24 hours, with a trading volume of $20.07 billion and a market cap of $1.56 trillion.

• Ethereum (ETH) price today is at $2443.01 with a decline of 3.1% in 24 hours, with a trading volume of $14.53 billion and a capitalization of $294.9 billion.

Top Trending Crypto Coins Price in 24 Hours

(Trending data is based on a combination of 24-hour price movement, trading volume, and CoinGecko trending metrics.)

• Pons price (PONS): $0.1464, up 27.8% in the last 24 hours, trading volume (TV): $17.81 million.

• Bitcoin price (BTC): $77,814.02, down 3.8%, TV: $34.68B.

• Pump.fun price (PUMP): $0.004636, down 3.8%, TV: $228.96 million.

• Pudgy Penguins price (PENGU): $0.009217, down 5.6%, TV: $216.40 million.

• Ethereum price (ETH): $2,444.05, down 3.0%, TV: $14.61B.

Top 3 Crypto Gainers in 24 hours (Ranked by 24-hour percentage gain):

• Lobster price today: $0.06358, skyrocketed 87.0%, with trading activity around $19.02 million.

• Akedo (AKE) price today: $0.0106, climbed 51.7%, with trading activity around $19.32 million.

• Magma Finance (MAGMA) price today: $0.516, jumped 46.7%, with trading activity around $3.68 million.

Top 3 Crypto Losers in 24 hours (Ranked by 24-hour percentage loss):

• aura (AURA) price today: $0.02695, fell 25.3%, with trading activity around $1.84 million.

• Cysic (CYS) price today: $0.6043, dropped 24.6%, with trading activity around $13.71 million.

• DebtReliefBot (DRB) price today: $0.0001629, slipped 7.7%, with trading activity around $1.71 million.

Stablecoins and DeFi Market Update 

(As per CoinGecko on 29 August 2026 at 1:30 AM UTC)

• The Stablecoin Market reflects a 0.2% positive change over the past 24 hours, with a capitalization of $290.5 billion and trading volume of $85 billion.

• The Overall (Defi) Decentralized Finance market declined 3.8% over the last 24 hours, recording a market cap of $73.5 billion and trading volume (TV) at $6.69 billion. Defi dominance globally marked 2.7%.

Crypto Fear and Greed Index Today

Source: Alternative Me

Crypto Fear & Greed Index: 68 (Greed) on August 29, 2026, down from 73 yesterday as profit-taking and Bitcoin’s consolidation near $80,000 reduced short-term momentum. Still, 68 remains above last month’s 28 (Fear), showing sentiment has recovered strongly. Recent Bitcoin gains and renewed risk appetite continue supporting overall bullish psychology.

Top 10 Latest Crypto News Today, August 29

(Note: All of these updates affect traders, as they impact liquidity, sentiment, and potential returns, and thus must be monitored closely.)

1. Fogo Foundation Breached: Fogo Foundation reported a breach that moved 400 million FOGO tokens to attackers. Exchanges and authorities were notified, while the blockchain continues operating normally today.

2. BIS Questions Stablecoins: BIS General Manager Pablo Hernández de Cos said stablecoins are unsuitable for large-scale payments, favoring tokenized deposits while warning about funding costs, interoperability, and sovereignty concerns.

3. ECB Pushes Blockchain Money: ECB official Isabel Schnabel urged central banks to bring money onto blockchains. The ECB plans Pontes next month and an Appia architecture blueprint by 2028.

4. $5.11B Crypto Projects in Uzbekistan: Three crypto mining centers and three data centers are being built in Uzbekistan’s Karakalpakstan, with total investment reaching $5.11 billion, under new special mining-zone rules.

5. Edge Customer Data Exposed: Edge said former provider Zendesk suffered a breach exposing some customer email addresses. Wallets, private keys, funds, and wallet data remained safe, but phishing risks persist.

6. 19 Malicious Extensions Found: Security firm Socket found 19 malicious browser extensions stealing wallet credentials, seed phrases, and browser data. Attackers reportedly inserted malware through updates, affecting many users.

7. Kraken Reveals Wallet Plans: Kraken unveiled its Wallet Manifesto, focusing on experienced users, self-custody, flexible accounts, and multiple wallet types. It also plans multisig support and broader onchain services.

8. Coinbase to Delist BADGER, STORJ: Coinbase will suspend BADGER and STORJ trading on September 28, 2026. Both assets will remain accessible for withdrawals, while order books currently operate in limit-only mode temporarily.

9. Hyperliquid Plans HIP-4 Upgrade: Hyperliquid founder Jeff said HIP-4 permissionless deployment will arrive with the next network upgrade, while related templates will gradually become available through future validator voting.

10. Avici Hack Suspected: Avici, a Solana ecosystem bank, may have suffered a hack involving over $600,000. Rain reported outdated contract vulnerabilities, completed upgrades, and promised full compensation for affected users.

Comparative Insight: What Changed Today?

The market shows broad weakness, with total capitalization down 2.9% and DeFi falling 3.8%, while stablecoins gained 0.2%. Bitcoin and Ethereum declined 3.8% and 3.1%, respectively, despite Bitcoin retaining 57.4% dominance. Fear and Greed remains in Greed at 68, although below yesterday’s 73. This suggests caution alongside continued investor confidence and selective strength across emerging sectors for traders overall.

What This Means for Cryptocurrency Users

For crypto news readers and users, the update signals higher uncertainty and the need for careful risk management. Falling Bitcoin, Ethereum, and DeFi prices indicate weaker market momentum, while stablecoin growth suggests capital is seeking relative stability. Security incidents involving wallets and extensions also highlight phishing risks. Users should verify official communications, secure private keys, avoid suspicious links, and research tokens before trading.

Risk Context: This commentary is not about long-term conditions and is for informational purposes only. It does not point to the price or indicate an action to take on the investment.

CoinGabbar’s Opinion

Investors and crypto readers should treat current conditions as risky rather than clearly beneficial for aggressive buying. The market capitalization decline, falling major-coin prices, and weaker DeFi performance indicate short-term pressure, while Greed at 68 shows optimism remains elevated. Selective opportunities exist, but volatility and security risks remain high. Conservative position sizing, diversification, and avoiding impulsive trades are advisable now.

Disclaimer: The information should not be taken as financial or investment advice. Cryptocurrencies are very unstable and dangerous. You should never make an investment decision without doing your research (DYOR) and using a qualified financial advisor. Not all regions are able to provide all the services or assets in question.