The cryptocurrency market bounced back on Tuesday, September 2, 2025, with Bitcoin (BTC) holding steady above $110,400 after days of consolidation. The world’s largest digital asset is attempting to ease selling pressure and is now testing a key resistance level.
Ethereum (ETH) and Binance Coin (BNB) are also showing signs of a potential trend reversal, while XRP, Solana, Dogecoin, Tron, and Cardano displayed resilience during the session.
At last check, Bitcoin was trading near $110,430, up 2.25% in 24 hours, with turnover at $67.3 billion. Its market cap now stands at $2.19 trillion, the highest among all cryptocurrencies. According to CoinMarketCap, BTC traded between $107,480 and $110,578 over the past day.
Bitcoin Faces $111K Hurdle
The market’s 2% rebound was fueled by both technical and structural drivers, said Riya Sehgal, research analyst at Delta Exchange. Perpetual futures volumes more than doubled in 24 hours, signaling heightened leveraged trading.
Edul Patel, CEO of Mudrex, added that exchange reserves for Bitcoin have fallen to a seven-year low—evidence of strong investor conviction and easing sell-side pressure.
From a charting perspective, BTC has bounced sharply from $107,000 and is now testing the $110,000–$111,000 resistance zone, a level that has capped rallies in recent weeks.
“A decisive close above $111,000 could spark a short squeeze toward $112,500–$113,500. But if rejected, Bitcoin risks sliding back toward $107,000,” Sehgal said.
Ethereum Targets $4,600
Ethereum has been slower to recover but remains at a key breakout point. The token is holding $4,300 support and has begun retesting its descending trendline.
At last check, ETH was trading around $4,408, up 0.2% in 24 hours, with turnover at $35.8 billion and a market cap of $532 billion.
Sehgal noted that a break above $4,450 could set the stage for a move toward $4,600. A recent $3.7 billion rotation from BTC into ETH supports the bullish case, though upcoming U.S. labor market data could determine whether the rally gains traction or stalls.
Altcoins Trade Mixed
Among altcoins, MemeCore led the pack with a 38% surge, while Pump.fun, Four, Sky, Ethena, Bitcoin Cash, World Liberty Financial, Bitget Token, Pudgy Penguins, Ondo, Avalanche, and Stellar all posted gains of 4–12%.
On the downside, Cronos, Pyth Network, Bonk, Pi, UNUS SED LEO, Flare, PancakeSwap, and VeChain slipped as much as 6%.