Crypto Market Update: Bitcoin Climbs Back to US$113,000 Ahead of US Jobs Report
September 5, 2025 – By Giann Liguid
Bitcoin (BTC) regained strength on Friday, surging back to the US$113,000 mark—its highest level since late August—just ahead of the highly anticipated US jobs report. This price rally contributed to Bitcoin’s market dominance climbing close to 59%, marking a two-week peak and indicating a potential shift of capital back into Bitcoin after a period of rotation into Ethereum (ETH).
Bitcoin and Ethereum Price Movements
As of 9:00 a.m. UTC on September 5, Bitcoin was trading at approximately US$112,668, representing a 1.8% increase over the previous 24 hours. Bitcoin’s intraday price range varied between US$109,399 and US$112,965, illustrating some volatility but an overall positive momentum.
Ethereum, the second-largest cryptocurrency by market capitalization, also posted a gain, trading at US$4,432.69—a 1.2% increase in the last day. Its lowest price for Friday was recorded at US$4,269.81, while reaching a high of US$4,447.28. ### Altcoins Showing Mixed Trends
Several altcoins exhibited mixed activity during the same timeframe. Solana (SOL) remained relatively flat, priced at US$207.32, fluctuating between US$201.33 and US$208.25. XRP saw a modest uptick to US$2.86, up 0.9%. Notably, SUI (Sui) and Cardano (ADA) led with stronger gains, rising 3.2% to US$3.41 and 3.3% to US$0.8412, respectively.
What’s Behind Bitcoin’s Rally?
Analysts are closely watching a possible “max pain” effect behind Bitcoin’s recent price behavior. Approximately US$3.28 billion in Bitcoin options contracts are set to expire around a strike price of US$112,000. The max pain theory suggests that options sellers — often institutional investors — can influence the price to hover near levels where most options buyers lose money, maximizing profit for sellers. Bitcoin’s recent price trajectory aligns almost precisely with this phenomenon, an uncommon level of correlation in digital asset markets.
Despite this, market opinions remain divided on the predictive accuracy of the max pain theory within cryptocurrencies. With the critical US jobs data set to release, traders and investors are bracing for potential market-moving effects that may determine Bitcoin’s next directional move.
Recent Developments in the Crypto Industry
Alongside Bitcoin’s price dynamics, there have been significant developments in the broader cryptocurrency ecosystem:
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Fireblocks Launches Stablecoin Payments Network: Digital asset infrastructure provider Fireblocks has introduced a new payments network aimed at streamlining stablecoin transfers among banks, payment firms, and crypto entities. The platform supports cross-border treasury operations, remittances, merchant settlements, and corporate payouts through a unified API. Already onboard are over 40 partners, including Circle Internet Group, Paxos, and Swiss bank Sygnum. This network features integrated compliance measures addressing anti-money laundering (AML), sanctions, and travel-rule compliance via partnerships with regulatory technology providers such as Notabene, Elliptic, and Chainalysis.
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Gemini Expands in Europe: Crypto exchange Gemini has broadened its footprint in the European market by launching staking and perpetual futures products under the EU’s MiCA (Markets in Crypto-Assets) regulatory regime. Users can now stake Ether and Solana directly on the platform, earning varying rewards, with Solana yields reaching up to 6%. Additionally, Gemini introduced Gemini Perpetuals, a USDC-denominated futures contract offering up to 100x leverage without expiry. These services operate under Gemini’s MiFID II license as the company aligns with clearer regulatory standards and recently moved its European operations to Malta. This move underscores Europe’s growing importance as a regulated digital asset market.
Looking Ahead
As markets await the forthcoming US jobs report, Bitcoin’s price action and traders’ sentiment remain sensitive to macroeconomic indicators. The potential impact of employment data could influence not only crypto prices but also broader financial markets, underscoring the interconnectedness of digital assets in global finance.
For ongoing updates and expert analyses of Bitcoin, Ethereum, and the wider cryptocurrency landscape, follow @INN_Technology.
About the Author:
Giann Liguid is an interdisciplinary studies graduate from Ateneo De Manila University with experience spanning security, food, business sectors, and government administrative roles. He writes extensively on cryptocurrency and financial markets.
Disclaimer: The author holds no direct investment interest in any mentioned company.
This article is for informational purposes and does not constitute financial advice. Always conduct your own research before making investment decisions.