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US jobs data lifts rate-cut hopes, but Bitcoin remains range-bound above US$111K. Markets face mixed macro signals as traders tread cautiously.
Despite softer US jobs data, Bitcoin remains range-bound, with key support at US$110K and resistance at US$113.4k–117.1K shaping the next market move.
September began with consolidation across crypto. Bitcoin held around US$108K and global market cap hovered near US$3.9T, while Solana showed resilience and macro shifts kept investors cautious.
Crypto markets ended August under pressure, with Bitcoin near US$108K and altcoins underperforming. AI jitters and tariff uncertainty set a cautious tone heading into September.
Solana stood out, climbing above US$200 as it led the rotation among alt coins. Bitcoin and Ethereum remained strong, supported by ongoing ETF demand, while the total crypto market held steady around US$3.9 trillion this week.
Ahead of Jackson Hole, traders are taking profits, reducing risk, and watching inflation data and ETF flows for direction on the next phase of the crypto market.