Crypto Market Update: Bitcoin Climbs Back to US$113K Ahead of US Job Report
September 5, 2025 — By Giann Liguid and Meagen Seatter
Bitcoin has surged back to the US$113,000 range on Friday, marking its strongest performance since late August. This rally comes ahead of the much-anticipated US jobs report, an event that analysts believe could significantly impact cryptocurrency markets in the near term.
Bitcoin and Ethereum Price Movements
As of 9:00 a.m. UTC on September 5, Bitcoin (BTC) was trading at approximately US$112,668, reflecting a 1.8% increase over the previous 24 hours. Throughout the day, Bitcoin’s price fluctuated between US$109,399 and US$112,965, showing renewed momentum.
Ethereum (ETH) also experienced gains, priced at US$4,432.69, up 1.2% in the last 24 hours. Its daily price band ranged from US$4,269.81 to US$4,447.28. ### Altcoin Performance Overview
- Solana (SOL): Trading relatively flat at US$207.32, with a low of US$201.33 and a high of US$208.25.
- XRP: Rose modestly by 0.9%, trading around US$2.86, from a daily low of US$2.78 to US$2.87.
- SUI (Sui): Notched a 3.2% gain, reaching US$3.41 as its daily high, up from US$3.24.
- Cardano (ADA): Up 3.3%, trading at US$0.8412, with intraday lows and highs at US$0.8043 and US$0.8426 respectively.
Factors Behind Bitcoin’s Rally
Market analysts note that Bitcoin’s price surge coincides with a phenomenon referred to as the “max pain” effect, observed in options trading. Around US$3.28 billion worth of Bitcoin options were set to expire near the US$112,000 strike price. The theory behind max pain suggests that option sellers, often institutional investors, may influence the market to steer prices toward a level that maximizes losses for option buyers.
In this case, Bitcoin’s price movement aligned closely with the max pain level, a relatively rare occurrence in the volatile cryptocurrency markets. However, traders remain divided on how much predictive power this theory holds for digital assets.
The crypto community now awaits the upcoming US jobs report, seen as a critical catalyst that could shape Bitcoin’s next significant price move.
Developments in the Crypto Industry
Fireblocks Unveils Payments Network for Stablecoins
Digital asset infrastructure provider Fireblocks has launched a dedicated network to facilitate stablecoin transfers among banks, payment providers, and crypto institutions. This platform supports diverse financial activities including cross-border treasury flows, corporate payouts, remittances, and merchant settlements — all accessible through a single API.
More than 40 partners, including leading players such as Circle, Paxos, and Swiss bank Sygnum, are already onboard. A distinctive feature of this service is its integrated compliance layer, which automatically enforces AML (anti-money laundering), sanctions screening, and travel-rule regulations. Fireblocks employs its own verification tools alongside partnerships with firms like Notabene, Elliptic, and Chainalysis to uphold regulatory standards.
Gemini Expands European Services with Staking and Derivatives
Crypto exchange Gemini has broadened its footprint in the European market by introducing new staking and derivatives products under the EU’s MiCA regulatory framework. Users can now stake Ether (ETH) and Solana (SOL) directly on Gemini, with yields offering competitive rewards—up to 6% APY for SOL staking.
Additionally, Gemini launched “Gemini Perpetuals,” a perpetual futures product denominated in USDC that provides up to 100x leverage without expiry. These offerings operate under Gemini’s MiFID II license, demonstrating the company’s commitment to regulatory compliance amid clearer rules governing crypto assets.
Gemini recently relocated its European headquarters to Malta to better align with MiCA requirements, highlighting Europe’s strategic importance as a growth market for regulated digital asset services.
Conclusion
Friday’s crypto market activity shows a clear resurgence in Bitcoin, underscored by institutional dynamics around options expiry and an optimistic outlook ahead of key economic data releases. Meanwhile, industry innovation continues through infrastructure advancements like Fireblocks’ payment network and Gemini’s expanded product suite for European users.
Traders and investors alike will closely monitor the upcoming US jobs report for signals on the cryptocurrency market’s trajectory in the weeks ahead.
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About the Authors:
Giann Liguid is an interdisciplinary studies graduate from Ateneo De Manila University with experience writing across various sectors including security, food, and business. Giann brings expertise from both public and private sectors and enjoys following market headlines and thrift shopping for his dogs.
Meagen Seatter is an Investment Market Content Specialist based in Vancouver, with a background in marketing, psychology, and linguistics. Passionate about life sciences, cannabis, tech, and psychedelics markets, she balances her professional work with interests in gardening, cooking, traveling, and outdoor activities.
Disclosure: The authors hold no direct investments in any companies mentioned in this article.