Bitcoin Maintains $110,000 Level Amid Deteriorating US Employment Data [Crypto Briefing]
- Input
- 2025-09-08 10:29:43
- Updated
- 2025-09-08 10:29:43
August US Non-Farm Sector New Employment Falls Short of Expectations
September Rate Cut Likelihood Increases Significantly… 'Big Cut' Speculation Also
September Rate Cut Likelihood Increases Significantly… 'Big Cut' Speculation Also
[Financial News] Bitcoin is maintaining the $110,000 level on the 8th. This is because the likelihood of a base rate cut this month has increased following the announcement of deteriorating US employment data.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $110,000 as of 10:10 AM today, up 0.35% from the previous day (24-hour basis). Bitcoin has generally maintained its price after recovering the $110,000 level since the 2nd.
Bitcoin is trading at 154 million won in the Korean won market. According to the global virtual asset market comparison platform Cryprice, the Korean premium is 0.65%.
The US Bureau of Labor Statistics (BLS) announced on the 5th (local time) that new non-farm sector employment in August was 22,000, a figure below the expert forecast of 75,000.
As the employment data worsened more than expected, the likelihood of a base rate cut by the US Federal Reserve (Fed) in September has significantly increased. Some even suggest the possibility of a 'big cut', referring to a 0.5 percentage point (p) reduction. Rate cuts tend to lead to investments in stocks and virtual assets.
At the same time, Ethereum is trading at $4,293, down 0.03% from the previous day. XRP (Ripple) is trading at $2.87, up 2.01%.
yimsh0214@fnnews.com Sanghyuk Lim Reporter