Bitcoin (BTC), the leading cryptocurrency, held over the $110,400 barrier on Tuesday, September 2, 2025, indicating that the markets were beginning to recover. The cryptocurrency has been consolidating just above 110,000 and is making a strong effort to alleviate the selling pressure. Among the popular altcoins, Ethereum and Binance Coin are nearing a possible trend reversal, while XRP, Solana, Dogecoin, Tron, and Cardano are showing significant strength and resilience.
Bitcoin was up 2.25 percent at $110,430 at the time of the latest check, with $67.32 billion in 24-hour trading activity. Bitcoin’s market capitalisation stood at 2.19 trillion, the highest among all cryptocurrencies. According to statistics, the most popular cryptocurrency in the world has moved between $107,480 and $110,578 during the past day. The recent 2 per cent rebound in the market over the past 24 hours, according to Riya Sehgal. Perpetual futures volumes have surged over 100 percent, indicating increased leveraged speculation. Edul Patel, noting that despite ongoing capital rotation pressure, on-chain data indicates a bullish trend. “Bitcoin exchange reserves have dropped to a seven-year low, signaling strong investor conviction and easing immediate sell-side pressure,” stated Patel.
From a technical perspective, Bitcoin has made a significant rebound from $107,000 and is currently approaching the resistance zone of $110,000–$111,000, a level that has consistently served as a supply barrier. “A decisive close above $111,000 could trigger a short squeeze toward $112,500–$113,500, while rejection risks a pullback toward $107,000,” stated Sehgal. Ethereum is currently experiencing a slight lag but is positioned at a crucial breakout point, maintaining support at $4,300 and now testing its descending trendline once again. At last check, it was trading around $4,408, higher by 0.2 percent, with a 24-hour trading volume of $35.85 billion.
ETH’s market capitalisation was recorded at $531.98 billion. According to Sehgal, an acceleration of Ethereum’s velocity towards $4,600 might occur if it breaks over $4,450. “The recent $3.7 billion BTC-to-ETH rotation adds to the risk-on sentiment, but upcoming U.S. labor data will likely determine whether this rally sustains or fades,” said Sehgal. MemeCore emerged as the top-performing altcoin, achieving an impressive gain of 38 percent.