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Bitcoin tops $111,000, up 1.64% intraday
ByAinvest
Tuesday, Sep 2, 2025 9:56 am ET1min read
Bitcoin tops $111,000, up 1.64% intraday
Bitcoin (BTC) experienced a notable recovery on September 2, 2025, with the price surging to $111,000, marking an increase of 1.64% intraday. The flagship cryptocurrency had been trading around $108,790 earlier in the session, but a rebound pushed it above the $110,000 mark. This recovery comes after a period of selling pressure that had seen BTC slip below $110,000.The intraday high of $113,480 on Thursday was not sustained, and BTC faced resistance around the $113,000 level. The price drop to $108,089 on Tuesday and subsequent recovery to $111,000 indicate a volatile market where traders are actively buying dips and selling at higher levels.
Smarter Web Company, a technology firm, recently announced a significant Bitcoin acquisition. The company bought 45 BTC for £201,077,906 at an average price of £82,409 (approximately $111,071). This purchase brings the company's total Bitcoin holdings to 2,440 BTC. The company's treasury strategy prioritizes Bitcoin, along with other targeted acquisitions for revenue expansion [1].
Bitwise Asset Management has projected that Bitcoin could reach $1.3 million per coin by 2035, with an annualized growth rate of 28.3%. The firm's long-term outlook considers growing institutional adoption, the global search for an inflation hedge, and the fixed issuance schedule of Bitcoin as key drivers of its trajectory [1].
Institutional investors are increasingly turning to Bitcoin through ETFs. According to CryptoQuant, US spot Bitcoin ETFs generate between $5 and $10 billion in daily trading volume on active days, indicating substantial institutional demand [1].
Despite the recent volatility, Bitcoin's price remains supported by institutional adoption and long-term investors. The continued accumulation by companies like Convano, which aims to hold 21,000 BTC by March 2027, underscores the growing interest in Bitcoin as a store of value and potential hedge against inflation [2].
References:
[1] https://bitzo.com/2025/08/bitcoin-price-analysis-btc-loses-momentum-slips-below-110000-yet-again
[2] https://investorempires.com/japanese-nail-salon-targets-3-b-in-bitcoin-holdings/
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