What You Need to Know:

• Bitcoin started September strong, approaching $112,000.
• The increase coincides with U.S. stocks recovering from an uneasy start to the month.
• Upcoming U.S. employment statistics could influence Federal Reserve interest rate decisions later in September.

Summary

Following a volatile close to August, cryptocurrency markets opened September with renewed strength. U.S. traders returning to their desks after the three-day weekend saw Bitcoin rise dramatically to a peak of $111,700, up from the previous month’s low around $107,500.

As of now, Bitcoin is trading at approximately $111,600, marking a 2.5% increase within the last 24 hours. Other cryptocurrencies, like Solana and XRP, also experienced gains similar to Bitcoin’s.

Despite an initial drop in stock values due to negative tariff news, U.S. equity markets rebounded, halving initial losses approximately 90 minutes post-open. Key economic reports, such as the ISM Manufacturing Index, indicate potential slowdowns with final attention on the upcoming employment figures, which may impact interest rate policies going forward.