Bitcoin Surges to $111,600 as Crypto Markets Strengthen
Crypto markets are starting September positively after a decline in August. Key points include:
- Bitcoin (BTC) rose to $111,700 from $107,500, currently at $111,600, up 2.5% in 24 hours.
- Solana (SOL) and XRP also increased by similar percentages, while ether (ETH) remained flat.
- Stock markets rebounded after an initial drop due to negative tariff news and rising global interest rates.
- The ISM Manufacturing Index for August was reported at 48.7, indicating contraction in the U.S. manufacturing sector.
- Upcoming U.S. employment data may impact Federal Reserve's interest rate decisions this month.