Bitcoin Price Holds Above $110,000—How Weak Job | Crypto News
The Bitcoin price has loved some stage of resurgence over the past week, beginning from below $108,000 to as high as $113,000. However, the premier cryptocurrency’s progress hit a stumbling block following the release of weaker-than-expected United States payrolls data on Friday, September 5.
Despite the bearish strain triggered by the US Nonfarm Payrolls (NFP) release, the price of Bitcoin managed to keep above the psychological $110,000 stage. Interestingly, the latest analysis suggests that the latest job data may information the Bitcoin price to a new high.
Macro Shift To Kickstart Next BTC Price Rally?
In a Quicktake post on the CryptoQuant platform, market analysis firm XWIN Research Japan explained how weak labor data in the US may see the Bitcoin price embark on its next bullish wave. According to the analytics firm, historical past reveals a paradox despite rising unemployment often linked to weak performances by risk property, including cryptocurrencies.
XWIN talked about that on-chain stablecoin data gives insight into how this “macro story” may unfold, particularly in relation to the cryptocurrency market. The crypto trading firm then highlighted two “distinct waves of activity” that set up the connection between unemployment and crypto market positioning.
In the first wave (between late 2024 and early 2025), traders anticipated the Federal Reserve (Fed) to cut rates of interest as the labor market weak point first emerged. Capital flowed into exchanges with the surge in stablecoin reserves from $30 billion to $50 billion, exhibiting the traders’ preparedness for a macroeconomic shift.
The second wave (from mid-2025 to current) has seen unemployment rising again. Similarly, stablecoin exchange reserves lately hit $58.5 billion, while depositing addresses have often surpassed 30,000 BTC, with highs close to 40,000 BTC.
“This isn’t just accumulation—it reflects broader participation, from whales to retail, mobilizing funds in anticipation of easier policy,” XWIN added.
According to XWIN, the considering is that the rising unemployment in the United States may very well be linked to stronger expectations of Fed charge cuts. With more capital saved in stablecoins on exchanges, prepared to buy more cash, the weak jobs data may very well be the basis for a contemporary rally for Bitcoin.
Bitcoin Price At A Glance
As of this writing, the price of BTC stands at around $110,780, reflecting no important modifications in the past 24 hours. According to data from CoinGecko, the market chief is up by virtually 3% in the last seven days.
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