At 8:00 on August 29th, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, was at 843.39 points, down 5.61% in the past 24 hours, with a turnover of 35.44 billion US dollars. The transaction increased by 14.95% compared with the previous 24 hours. Five of them rose and 95 fell; the ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency, reported 743.86 points, down 5.35% in the past 24 hours, turnover was $30.24 billion, and turnover increased by 15.20% over the previous 24 hours; Bitcoin Bubble Index ( The BBI index is at 85.04 points, down 1.56% in the past 24 hours; the USDT OTC Index is at 100.19 points and has risen 0.80% in the past 24 hours. In the early morning, bitcoin showed a sharp correction, falling below the support level of 10,000 US dollars. Currently, it stabilizes between 9800 and 9600 in the lower limit of the shock zone. If the rebound strength is insufficient, the probability of the market going down is greater.