Bitcoin price stabilized near the level of $110,800 at the time of writing on Thursday trading, after recovering slightly during this week. Traders are adopting a cautious approach ahead of important US economic data due on Friday, which may affect expectations regarding the Federal Reserve’s monetary policy, keeping cryptocurrency markets in a state of anticipation.
Meanwhile, spot Bitcoin exchange-traded funds (Spot Bitcoin ETFs) continued to attract strong inflows, recording more than $300 million of inflows on Wednesday, extending their positive streak for the second day in a row.
Traders await key economic data
Bitcoin price began the week on a slightly positive note, recovering modestly to stabilize around $110,500 on Thursday, after extending its downward trend for three consecutive weeks from its all-time high of $124,474.
US job openings (JOLTS) data released Wednesday showed a slowdown in the labor market, which strengthened bets that the Federal Reserve will cut borrowing costs later this month. According to CME FedWatch Tool, the probability of a 25 basis point rate cut at the conclusion of the two-day policy meeting ending on September 17 reached 97.6%.
Market participants also expect the Fed to implement at least two additional rate cuts by the end of 2025, which could support high-risk assets such as Bitcoin.
Traders are now focusing on US economic data due Thursday, including the ADP private employment report, weekly jobless claims, and the ISM services PMI. However, eyes will remain fixed on the nonfarm payrolls (NFP) report for August, scheduled for release on Friday at 12:30 GMT. This crucial economic data will provide clearer signals on the path of rate cuts and give the world’s largest cryptocurrency by market capitalization new momentum in its direction.
Institutional demand supports prices
Bitcoin price received institutional support this week. Data from SoSoValue showed spot Bitcoin ETFs posted new inflows of $301.32 million on Wednesday, after $332.76 million on Tuesday. If inflows continue and accelerate, BTC price may see further recovery.
According to the 2025 Global Crypto Adoption Index released earlier this week by Chainalysis, India, the United States, and Pakistan ranked in the top three, followed by Vietnam and Brazil.
The report noted that the Asia-Pacific region (APAC) led growth in on-chain crypto transactions, with a 69% year-on-year increase, driven mainly by India, Vietnam, and Pakistan, while Latin America came second with 63% growth.
It also confirmed that Bitcoin remains the main gateway to the crypto economy, attracting more than $4.6 trillion in cash inflows (from fiat currencies) between July 2024 and June 2025 — double the inflows captured by other Layer 1 coins excluding Bitcoin and Ethereum.
Companies allocate 22% of profits to Bitcoin
Financial services company River published a research report this week showing that many companies allocate far more than the default 1% of funds to Bitcoin. A survey conducted by the company in July 2025 revealed that companies using its services invest an average of 22% of net income in Bitcoin, while the median investment was 10%, reflecting the accelerating pace of adoption at the business level.
The report showed that 63.6% of these companies view Bitcoin as a long-term investment and continue to accumulate it without plans to sell or rebalance in the foreseeable future.
Technical outlook: Signs of fading negative momentum
Bitcoin price recovered slightly on Monday after a correction of nearly 5% in the previous week. It closed above its 100-day exponential moving average (EMA-100) at $110,736 on Tuesday and found support above it the following day. At the time of writing on Thursday, it was moving near this average around $110,800.
If Bitcoin continues its recovery, the rally could extend toward the daily resistance level at $116,000.
The Relative Strength Index (RSI) on the daily chart showed a reading of 44, just below the neutral level of 50, indicating fading negative momentum. Meanwhile, the MACD lines are converging with shrinking red bars on the histogram, suggesting a possible bullish crossover soon.
