Bitcoin Price Holds Above $110,000—How Weak Job Data Could Fuel Next Wave
The Bitcoin worth has loved some degree of resurgence over the previous week, ranging from under $108,000 to as high as $113,000. However, the premier cryptocurrency’s progress hit a stumbling block following the discharge of weaker-than-expected United States payrolls information on Friday, September 5.
Despite the bearish stress triggered by the US Nonfarm Payrolls (NFP) launch, the value of Bitcoin managed to remain above the psychological $110,000 degree. Interestingly, the most recent evaluation means that the most recent job information may information the Bitcoin worth to a brand new high.
Macro Shift To Kickstart Next BTC Price Rally?
In a Quicktake post on the CryptoQuant platform, market evaluation agency XWIN Research Japan defined how weak labor information within the US may see the Bitcoin worth embark on its subsequent bullish wave. According to the analytics agency, historical past exhibits a paradox regardless of rising unemployment usually linked to weak performances by danger property, together with cryptocurrencies.
XWIN talked about that on-chain stablecoin information affords perception into how this “macro story” may unfold, particularly in relation to the cryptocurrency market. The crypto buying and selling agency then highlighted two “distinct waves of exercise” that set up the connection between unemployment and crypto market positioning.
In the primary wave (between late 2024 and early 2025), buyers anticipated the Federal Reserve (Fed) to chop rates of interest because the labor market weak point first emerged. Capital flowed into exchanges with the surge in stablecoin reserves from $30 billion to $50 billion, displaying the buyers’ preparedness for a macroeconomic shift.
The second wave (from mid-2025 to current) has seen unemployment rising once more. Similarly, stablecoin alternate reserves lately hit $58.5 billion, whereas depositing addresses have often surpassed 30,000 BTC, with highs close to 40,000 BTC.
“This isn’t simply accumulation—it displays broader participation, from whales to retail, mobilizing funds in anticipation of simpler coverage,” XWIN added.
According to XWIN, the considering is that the rising unemployment within the United States could possibly be linked to stronger expectations of Fed fee cuts. With extra capital saved in stablecoins on exchanges, prepared to purchase extra cash, the weak jobs information could possibly be the foundation for a fresh rally for Bitcoin.
Bitcoin Price At A Glance
As of this writing, the value of BTC stands at round $110,780, reflecting no vital modifications up to now 24 hours. According to information from CoinGecko, the market chief is up by nearly 3% within the final seven days.
