Bitcoin Surpasses $113,000, Altcoins Green as Expectations for Monetary Easing Rise

The cryptocurrency market had an explosive trading session as the US jobs report showed that August labor growth continued to slow. The cooling signal of the economy reinforced the belief that the Federal Reserve (Fed) could cut interest rates as early as September, triggering money flows into risky assets.

Bitcoin Leads the Uptrend

Within hours of the non-farm payrolls data being released, Bitcoin price bounced sharply from the $109,000 region, surpassing the $113,000 mark with an increase of more than 2%. This move not only helped BTC escape the previous downtrend but also created positive sentiment for the entire market.

Altcoins in the spotlight

Ethereum only increased slightly in price (+1.4%) but trading volume jumped more than 6%, showing that big money is starting to return. Cardano recorded an impressive +3.2% increase, while Sui became the star with a gain of more than 4% and maintained the uptrend during the day.

Notably, memecoins also recovered in unison. Shiba Inu, Pepe, FLOKI and WIF all recorded increases of 2% to nearly 4%, reflecting the return of excitement and risk appetite across the board.

Market capitalization expands

The total cryptocurrency market capitalization has increased by more than $60 billion, approaching the $3.9 trillion threshold. This is a clear signal that investors are betting on a scenario of less tight monetary policy, thereby supporting liquidity and creating new growth space for digital assets.

Conclusion

The cooling of the US labor market is becoming a strong catalyst for cryptocurrencies. With the expectation of Fed easing soon, Bitcoin and altcoins could continue to maintain their bullish momentum, especially if institutional capital continues to enter.