Bitcoin Maintains $110,000 Level Amid U.S. Employment Data Watch [CryptoBriefing]

[Financial News] Bitcoin is maintaining the $110,000 level on the 4th. Investors are in a wait-and-see mode ahead of the U.S. employment data release.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $112,000 as of 10 a.m. on the 4th, up 0.71% from the previous day (24-hour basis). Bitcoin had traded at the $100,000 level for five consecutive days after falling from the $110,000 level on the 29th of last month but has maintained the $110,000 level since recovering it the previous day.
Bitcoin is trading at 155 million won in the won market. According to the global virtual asset market comparison platform Cryprice, the Korean premium is -0.29%.
The virtual asset market is focusing on the possibility of a September rate cut by the U.S. Federal Reserve (Fed), with the indicator to gauge this being the U.S. employment data release scheduled for the 5th (local time). If the data is weaker than market expectations (consensus), the expectation for a rate cut is likely to grow. A rate cut tends to lead to investments in stocks and virtual assets.
Meanwhile, Bitmine, the world's largest Ethereum holder, is showing strength as it was reported to have accumulated an additional 153,000 Ethereum on the 2nd (local time), increasing its holdings to 1.86 million. As of 10 a.m. on the same day, Ethereum is trading at $4,470, up 3.75% from the previous day.
At the same time, XRP (XRP, Ripple) is trading at $2.84, up 0.27% from the previous day.

yimsh0214@fnnews.com Sanghyuk Lim Reporter