{"content":"💥 Bitcoin Blasts Past $111,500 — Fed Hopes & Corporate FOMO Ignite Bulls Bitcoin price rises on Monday after regaining roughly 3% last week. Risk appetite rises as market investors expect the Fed will decrease rates three times by year-end. El Salvador buys 21 BTC to celebrate its fourth Bitcoin legislation anniversary, while Metaplanet adds 136 BTC to its Treasury. Bitcoin (BTC) trades green over $111,800 on Monday, buoyed by Fed interest rate drop expectations and institutional demand. Metaplanet and El Salvador's governments added BTC to their reserves, increasing market sentiment for the biggest cryptocurrency by market capitalization. Bitcoin price rises beyond $111,900 in early European trade on Monday after regaining roughly 3% last week. This rebound followed the Friday US Nonfarm Payrolls data showing that the economy created just 22,000 jobs in August, considerably below market forecasts. Revised prints showed that the economy shed 13,000 jobs in June, the first monthly drop since December 2020 and reflecting weakening US labor market conditions. As expected, the US Unemployment Rate rose to 4.3% from 4.2% in August, while the Labor Force Participation Rate rose to 62.3% from 62.2%. Annual wage inflation, measured by Average Hourly Earnings, fell to 3.7% in August from 3.9% in July. Last week's macroeconomic data prompted market players to predict the Fed might decrease borrowing rates three times by the end of the year, boosting risk-on mood and helping BTC's rebound. El Salvador bought 21 BTC on Sunday to celebrate its fourth Bitcoin legislation anniversary. President Nayib Bukele of El Salvador posted on X about this news. The figure below shows that the government has 6,313 BTC, worth $706.58 million at market prices. Bitcoin Price Forecast: Bulls gathering steam After three weeks of declines from its all-time high of $124,474, bitcoin price rose roughly 3% last week. Trading over $111,800 on Monday, it continues to recover. If BTC keeps rising, it might reach $116,000, its daily barrier level. #BTCvsETH #AltcoinMarketRecovery ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/08/548cb9049fa9afcd33d8cf16dc56ad8b.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}