Bitcoin Falls Below $111,000, 24-hour Decline of 1.54%

August 29th: In the United States, the July PCE inflation data met expectations, which led to the continuous strengthening of the US dollar. Meanwhile, the market is closely observing President Trump's attempt to pressure the Federal Reserve to lower interest rates. Federal Reserve Governor Waller once again expressed a dovish stance. Marc Chandler, the Managing Director of Bannockburn Global Forex, stated that in the face of a deteriorating labor market, he is in favor of a September rate cut by the Federal Reserve and advocates ignoring price pressures related to tariffs. (FXStreet)

On August 29th, the August Chicago PMI in the United States was made public as 41.5. The expected value was 46, and the previous value was 47.1. (FX168)

On August 29th, according to Coinglass data, if Ethereum drops below $4200, the total liquidation strength of the long positions on mainstream CEXs will reach $1.103 billion. Conversely, if Ethereum breaks through $4450, the total liquidation strength of the short positions on mainstream CEXs will reach $680 million. BlockBeats Note: The liquidation chart does not provide a precise display of the number of contracts awaiting liquidation or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to nearby liquidation clusters, that is, the strength. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be impacted when it reaches a certain level. Higher "liquidation bars" indicate that when the price is reached, it will experience a stronger reaction due to a liquidity cascade.

On August 29th, Nvidia's stock price experienced a further 3% decline, and the cryptocurrency market remained in a downward trend. Bitcoin dipped below $110,000. Ethereum dropped below $4,350. And SOL briefly fell below $210.

August 29th. According to CoinPost, on this day, the Japanese Financial Services Agency announced the budget and personnel structure plan for the year 2026, revealing a significant restructuring of the regulatory framework. The specific measures involve the reorganization of the Integrated Policy Bureau, the establishment of the "Asset Management and Insurance Regulatory Bureau (tentative name)", and the creation of dedicated departments to handle cryptocurrency assets and cashless payments - the "Cryptocurrency Asset and Innovation Office" and the "Fund Settlement Monitoring Office". In the realm of cryptocurrency assets, the functions of the existing "Cryptocurrency Asset and Innovation Advisory Office", "Fund Settlement Monitoring Office", and "Settlement and Digital Financial Group Monitoring Office" will be integrated into the new department. This new department will be responsible for market monitoring, fulfilling disclosure obligations during sales solicitations, implementing a

On August 29th, the US stock Ethereum reserve concept stocks witnessed a general decline. The stocks included: · SharpLink Gaming (SBET.US), which dropped by 2.00%; · Bitmine Immersion Technologies (BMNR.US), with a decrease of 1.05%; · ETHZilla (ETHZ.US), down by 2.26%; · BTCS (BTCS.US), declining by 0.14%; · Bit Digital (BTBT.US), which fell by 2.68%.