BTC Loses $112K

DAILY MARKET OVERVIEW

Reversal Rejected

👋 Hey, Crypto Enthusiasts! The market threw us yet another curveball today. Let’s dive right in!

🔻 Bitcoin couldn’t keep its momentum going. After pushing above $112K yesterday, it slipped back under that level by the daily close. That’s a setback for the bulls, because when a breakout fails, sellers usually step in.

Here’s the simple picture:

• $112K = the level bulls needed to hold. They failed.

• $107K = the next major support.

• If BTC falls below $107K, the next stop will be around $104K–$105K.

🐻 So for now, momentum is leaning bearish.

Now, about the news today: we got the US Initial Jobless Claims report.

👉 What is that? It’s basically a weekly count of how many people filed for unemployment benefits for the very first time. In other words, it’s a quick snapshot of how many people just lost their jobs and are asking for financial help.

• Today’s number came in at 237,000, a bit higher than expected. That further tells us the job market is starting to cool off.

However, the jump in claims wasn’t big enough to fuel a rally or calm markets, so stocks went mostly flat, gold pulled back, and BTC’s failed breakout left bears in charge.

Overall, BTC must reclaim $112K to flip bullish again, and tomorrow’s unemployment data could be the next catalyst.

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📈 Altcoin Setups

Altcoins are still struggling to find momentum. Most are stuck in ranges with +/–5% swings, leaving traders cautious and waiting for stronger setups.

✏️ A few names stand out:

• Solana continues to grind higher slowly, setting up for an eventual all-time high retest if the broader market cooperates.

• Pump.fun as a beta play on the Solana ecosystem, it is also seeing strength

• HYPE is consolidating at highs, showing relative strength. If BTC stabilizes, it could be one of the first movers.

• AVAX looks constructive, forming an ascending triangle that could trigger a breakout soon.

Most other alts remain range-bound with little to do until momentum picks up.

September is shaping up to be more choppy; however, the bigger picture still leans positive: stablecoin minting is strong, liquidity is flowing into the ecosystem, and regulatory clarity is improving.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Ethereum Spot Trading Volume Tops Bitcoin for First Time in 7 Years
Ethereum trading volumes on centralized exchanges surpassed bitcoin’s for the first time in seven years, fueled by treasury buying and ETF inflows.

Coinbase CEO Wants Half of Code AI-Written by October
Brian Armstrong is pushing for 50% of Coinbase’s code to come from AI tools, raising both excitement and concerns about oversight.

ECB’s Lagarde Calls for Stricter Stablecoin Oversight
Christine Lagarde warned that non-EU stablecoin issuers exploit gaps in MiCA rules, calling for tighter regulation and international coordination.

Trump-Backed Bitcoin Firm Surges in Nasdaq Debut
American Bitcoin, co-founded by Eric and Donald Trump Jr., soared 17% on its first trading day, highlighting the family’s growing crypto footprint.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Ivan On Tech – THE EU WILL PRINT TRILLIONS!! (04.09.2025 Summary)

So Ivan on Tech basically says Europe, especially France, is in deep financial trouble, and that’s super bullish for Bitcoin.

The problem

• France is drowning in debt and spending way more than planned.

• Investors don’t trust them anymore, so borrowing is getting expensive.

• If France or Germany goes down, the whole euro could be in question.

• The EU’s only real option? Print more money. But unlike the US, they can’t get away with it without inflation spiking.

Why it matters

• Rising bond yields = markets are nervous.

• Germany’s industry is weak, the UK is in trouble too.

• More printing means euros lose value, and people will want safer assets like Bitcoin.

Ivan’s outlook on BTC

• Expect short term ups and downs, don’t panic.

• This bull run could peak around 150k to 200k.

• Long term, he believes Bitcoin goes to 1M as governments keep printing.

Takeaway
In simple terms, Europe’s money problems are Bitcoin’s fuel. If you hold euros, think about stacking some BTC to protect yourself.

Lark Davis – The Next Few Months Could Be VERY Interesting (04.09.2025 Summary)

Lark Davis thinks the next few months could be a big deal for crypto. He breaks down why the market still has room to run and why he’s staying bullish.

Main points

• Stock market link: When the Russell 2000 index breaks out, history shows bull markets often last another 1–4 years. Since crypto is tied closer to stocks now, that’s a good sign.

• Rate cuts coming: The Fed is almost certain to cut rates soon. Lower rates = more liquidity = fuel for Bitcoin and altcoins.

• Dollar weakness: The dollar index is having one of its worst years. A weak dollar usually means strong risk assets like crypto.

• BTC outlook: Bitcoin faces resistance around $112K, but breaking above could send it higher. Short term corrections are normal, but the trend is still up.

• Big picture: If global liquidity keeps rising and gold stays strong, Bitcoin could be headed toward $167K–185K by year end.

Outro
Lark’s message is simple: stay in the market, don’t panic on dips, and remember that Q4 could be especially strong for crypto.

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