BTC Reclaims $111K Amid Rebound in Broader Risk Markets

Crypto Rises as Stocks Recover from Steep Early Drop

U.S. markets opened the week on shaky ground after the holiday break, but early losses have since eased.

For crypto, September has begun on a firmer note following August’s rough finish. As U.S. traders returned, demand picked up quickly, sending bitcoin (BTC) from roughly $107,500 at the start of the month to a session peak of $111,700. The token last traded near $111,600, a 2.5% gain in 24 hours. Solana (SOL) and XRP advanced in step, while ether (ETH)—which led gains in August—was flat.

Equities Find Their Footing
The rebound in risk appetite was reflected in equities. U.S. stocks initially slumped on renewed tariff concerns and the continued climb in global bond yields, with the Nasdaq sliding 2% at the open. Roughly 90 minutes later, though, bargain hunters had pared those losses by about half.

Macro Signals Ahead
On the economic front, August’s ISM Manufacturing Index came in at 48.7, just under forecasts and pointing to ongoing contraction. The Prices Paid subindex slipped to 63.7, softer than July’s reading and economists’ estimates, hinting at some easing in cost pressures.

Attention now turns to Friday’s U.S. jobs report, a release that could prove pivotal for the Federal Reserve’s September meeting. A strong number may challenge expectations of a modest quarter-point cut, while weaker data could tilt the conversation toward a larger half-point move.

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