Crypto Market Update: Bitcoin Climbs Back to US$113K Ahead of US Job Report
September 5, 2025 — Bitcoin surged to approximately US$113,000 on Friday, marking its strongest level since late August and signaling renewed momentum in the digital asset market ahead of the much-anticipated US jobs report. This upward movement in Bitcoin’s price comes amid a backdrop of fresh developments across the cryptocurrency ecosystem, including expanding services from major exchanges and new infrastructure for stablecoin transactions.
Bitcoin and Ethereum Price Movements
As of 9:00 a.m. UTC on Friday, Bitcoin (BTC) was trading at around US$112,668, exhibiting a 1.8% increase within the past 24 hours. The day’s price fluctuated between a low of US$109,399 and a high near US$112,965. In tandem, Ethereum (ETH) also experienced gains, trading at approximately US$4,432.69, up 1.2% over the same period, with intraday price levels spanning from US$4,269.81 to US$4,447.28. Altcoins Show Varied Performance
Among the altcoins, Solana (SOL) remained flat, holding steady near US$207.32. XRP increased modestly by 0.9% to trade at US$2.86. Meanwhile, newer entrants such as SUI (Sui) and Cardano (ADA) demonstrated more pronounced gains: SUI rose by 3.2% to US$3.41, and Cardano climbed 3.3% to US$0.8412, suggesting selective strength across the altcoin landscape.
Bitcoin Dominance and the “Max Pain” Theory
Bitcoin’s recent rally has also bolstered its market dominance, pushing it to nearly 59% — the highest in two weeks. Analysts suggest this shift indicates capital flowing back into Bitcoin from Ethereum after a period of rotation within the crypto market.
A notable factor cited behind Bitcoin’s price action is the so-called “max pain” effect linked to options expiry. Approximately US$3.28 billion in Bitcoin options were expiring around the strike price of US$112,000 on Friday. The theory posits that institutional option sellers may influence prices toward levels where the majority of option buyers incur losses, thereby minimizing payouts. Bitcoin’s price movement on this occasion aligned closely with the max pain level, which is a rare occurrence in cryptocurrency markets.
However, market participants remain divided over the predictive reliability of max pain in digital asset price behavior. Attention now turns to the imminent US jobs report, which analysts anticipate could significantly influence Bitcoin’s next major price trajectory.
Infrastructure and Exchange Developments
Beyond price action, the crypto ecosystem saw several key updates:
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Fireblocks, a digital asset infrastructure provider, has launched a new payments network tailored for stablecoin transfers across banks, payment providers, and cryptocurrency institutions. The Fireblocks Network for Payments facilitates cross-border treasury operations, corporate payouts, remittances, and merchant settlements via a unified API. More than 40 partners, including notable firms like Circle, Paxos, and Swiss bank Sygnum, are already active on the platform. A distinguishing feature of the service is its integrated compliance layer, which manages AML (anti-money laundering), sanctions, and travel-rule requirements for all transactions. Fireblocks has also embedded industry-leading verification tools alongside collaborations with companies such as Notabene, Elliptic, and Chainalysis to ensure regulatory adherence.
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Gemini, a leading cryptocurrency exchange, has expanded its product offerings in Europe by launching new staking and perpetual futures products under the region’s Markets in Crypto-Assets (MiCA) regulatory framework. European customers can now stake Ether and Solana directly through Gemini, with ETH staking rewards varying and SOL yields reaching up to 6%. Furthermore, Gemini introduced “Gemini Perpetuals,” a USDC-denominated futures product featuring up to 100x leverage without expiration dates. Operating under Gemini’s MiFID II license, these services align with ongoing efforts to comply with evolving European regulations. Notably, Gemini recently relocated its European headquarters to Malta to better align with MiCA standards, reflecting the company’s commitment to serving Europe’s growing regulated digital asset market.
Market Outlook
Friday’s price gains in Bitcoin and select altcoins underscore a cautiously optimistic sentiment prevailing in the crypto markets ahead of important macroeconomic data releases. Traders and investors will closely monitor the US jobs report for signals that may dictate broader market direction.
For real-time updates and further insights on Bitcoin, Ethereum, altcoins, and crypto market developments, follow @INN_Technology.
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Authors:
Giann Liguid
Writer, Investing News Network
Giann Liguid holds a degree in Interdisciplinary Studies from Ateneo De Manila University. With a diverse writing background spanning security, food, and business sectors, he also has experience in public administration. When not covering market news, Giann enjoys thrift shopping for his dogs.
Meagen Seatter
Investment Market Content Specialist, Investing News Network
Meagen Seatter brings an interdisciplinary background combining marketing and psychology studies. She has extensive experience writing about life sciences, technology, and psychedelics markets. Outside of work, she enjoys gardening, cooking, and traveling.
Disclaimer: The authors hold no direct investment interests in any companies mentioned in this article.