The crypto market experienced a downturn on August 29th as major tokens lost an average of 5% over the past 24 hours. This decline resulted in a 4% decrease in overall market capitalization to $3.77 trillion, despite a significant surge in trading volume. The total trading activity reached $192.06 billion, demonstrating a notable increase from the previous day. However, major players like Bitcoin struggled to hold onto gains after hitting new highs earlier this week. Bitcoin is currently trading at $108,840, down 3.69% compared to yesterday’s close, despite an uptick in trading activity of 7.75%. This drop has also impacted its market capitalization, which now sits at $2.16 trillion, down 3.77% from the previous day.