Bitcoin Price Today: BTC Falls Below $80,000 After August Rally
The Bitcoin price today, August 29, 2026, is around $77,900, with BTC down roughly 3% from the previous day on major market data. Bitcoin had climbed above $81,000 earlier in the week before pulling back sharply on August 28.
The latest move comes after a strong August rally. Bitcoin briefly crossed $80,000 on August 25 and reached about $81,300 on August 28 before sellers pushed the price lower.
Bitcoin Price Today
As of August 29, Bitcoin is trading in the $77,000–$78,000 range.
One major BTC/USD market feed showed Bitcoin at about $77,853, with an intraday range of approximately $76,857 to $81,500.
For investors tracking Bitcoin in India, CoinGecko’s BTC/INR data puts 1 BTC at approximately ₹7.40 million, or about ₹74 lakh, on August 29.
Because Bitcoin trades 24/7 across multiple exchanges, the exact quoted price can vary slightly depending on the exchange, currency and data provider.
Why Is Bitcoin Falling Today?
The immediate decline follows a sharp rally that pushed Bitcoin above $80,000.
Bitcoin reached approximately $81,326.81 before retreating below the $80,000 level. Barron’s reported that profit-taking contributed to the pullback after the cryptocurrency reached a three-month high.
The move is therefore better understood as a pullback following a strong advance rather than evidence of a single confirmed negative catalyst.
Bitcoin’s August rally has been supported by several factors, including a weaker U.S. dollar, renewed interest in spot Bitcoin ETFs and expectations surrounding U.S. cryptocurrency regulation. Reuters reported that Bitcoin was up about 28% in August as of August 25, its strongest monthly gain since November 2024.
Bitcoin’s Recent Price Movement
Bitcoin’s movement over the past several days shows just how quickly sentiment has shifted:
| Date | Approx. BTC price |
| Aug. 25 | Above $80,000 |
| Aug. 26 | Around $79,000 |
| Aug. 27 | Around $80,300 |
| Aug. 28 | Around $77,800 after an $81,300+ high |
| Aug. 29 | Around $77,900 |
The figures vary slightly between exchanges and price feeds, but the broader pattern is clear: Bitcoin rallied sharply toward $81,000 before experiencing a significant pullback.
What Is Driving Bitcoin Right Now?
Weaker Dollar and the “Debasement Trade”
A weaker U.S. dollar has been one of the factors supporting Bitcoin’s recent rally.
Reuters reported that investors were increasingly looking toward alternative assets amid concerns about currency debasement. Gold and Bitcoin both benefited from this environment.
Bitcoin ETF Demand
Demand through spot Bitcoin exchange-traded funds has also been part of the recent rally.
Investors can gain exposure to Bitcoin through regulated exchange-traded products without directly holding the cryptocurrency, creating another channel for institutional and traditional-market demand.
U.S. Crypto Regulation
Expectations around clearer cryptocurrency regulation have also improved sentiment.
Reuters linked the recent rally partly to renewed optimism around U.S. crypto policy and President Trump’s support for clearer cryptocurrency legislation.
What Should Bitcoin Investors Watch Next?
The most obvious short-term level is $80,000.
Bitcoin’s recent inability to remain above that level means traders are likely to watch whether BTC can reclaim it and hold there. A sustained move above the recent ~$81,300 high would represent a stronger continuation of the rally.
On the other hand, continued selling could push Bitcoin toward lower support levels.
Those price levels should not be treated as guaranteed outcomes. Bitcoin remains highly volatile, and short-term moves can change quickly in response to macroeconomic data, ETF flows, regulation, liquidity and investor sentiment.
Bitcoin Price Today: The Bigger Picture
Today’s decline comes after a substantial August recovery rather than an isolated collapse.
Bitcoin was trading considerably lower earlier in the summer. By August 25, Reuters reported that BTC had risen approximately 16% in a short period and was up 28% for August at that point.
That makes the current pullback important to watch, but a single day’s decline does not by itself establish a new long-term trend.
For investors, the more useful question is whether Bitcoin can maintain the gains made during August while attracting continued demand from ETFs and other market participants.
Bottom Line
The Bitcoin price today is around $77,900, after BTC fell back from a recent high above $81,000.
The recent rally has been supported by a weaker dollar, ETF demand and improving sentiment around U.S. crypto regulation. However, Bitcoin’s latest retreat shows that volatility remains high even during a strong upward move.
For anyone tracking BTC today, the key areas to watch are whether Bitcoin can regain $80,000–$81,300 and whether the factors supporting the August rally—particularly ETF demand, dollar weakness and regulatory expectations—remain in place.