BTC Pushes to $111K While Risk Assets Bounce from Worst Levels

Crypto Market Strengthens as Stocks Bounce From Early Sell-Off

U.S. equities started the holiday-shortened week under pressure but have since clawed back much of their initial losses.

Digital assets opened September on firmer footing after August’s difficult close. Buying momentum picked up once U.S. traders returned, lifting bitcoin (BTC) from near $107,500 at the start of the month to a session high of $111,700. The leading cryptocurrency was last seen around $111,600, up 2.5% on the day. Solana (SOL) and XRP gained at a similar pace, while ether (ETH)—August’s top performer—traded flat.

Equities Recover Ground
Risk appetite stabilized across markets as stocks pared steep early declines. Renewed tariff concerns and rising global bond yields had pushed U.S. indices sharply lower at the open, with the Nasdaq falling 2%. Roughly 90 minutes into the session, however, losses had been cut in half as dip buyers stepped in.

Data Watch: Manufacturing and Jobs
Economic releases added to the cautious tone. The August ISM Manufacturing Index printed at 48.7, just under estimates and consistent with continued contraction. The Prices Paid subindex eased to 63.7, suggesting some moderation in cost pressures.

The focus now shifts to Friday’s U.S. employment report, a key input for the Federal Reserve’s September policy decision. A strong print could reduce the case for rate cuts, while weak numbers may strengthen expectations for a larger 50-basis-point reduction rather than the baseline 25.