Flagship cryptocurrency held steady around the $111,000 level on Monday, September 8, supported by strong network fundamentals and ongoing institutional interest. Ethereum also maintained a foothold above the $4,200 mark, while altcoins displayed broadly positive momentum amid mixed market conditions. Market analysts link the cautious optimism to a balance between consolidating price action and renewed corporate activity.
Bitcoin was trading at $111,134.9, marking a 0.52 percent increase over the past 24 hours. The daily trading volume surged to $28.6 billion, while its market capitalization remained steady at $2.21 trillion, securing Bitcoin’s position as the largest cryptocurrency globally. The day’s price action ranged between 110,501 and 111,591. From a technical perspective, Vikram Subburaj stated, “The attention is on whether bulls can clear resistance at $112,000–$113,000.” Outflows from ETFs and a decrease in treasury accumulation persist as a burden. Average deal sizes have decreased by almost 86 percent from the highs of early 2025, indicating tighter liquidity and a more cautious approach.
Support is strong around $110,000, while the 50-day moving average at $115,000 limits the potential for upward movement. A daily close above $113,000 would reset momentum, but any slip below $110,000 could open the way for a deeper retest,” stated Subburaj. Meanwhile, the Bitcoin price experienced a brief rise before the weekly close, it was unable to surpass the crucial resistance level. Meanwhile, the bears’ weakness is not able to pull the token down, leading it to continue consolidating around $111,000.