Bitcoin price awaits breakout above $112k as macro triggers loom; M, WLFI lead altcoin mini-rally

Bitcoin price awaits breakout as macro triggers loom. [https://invezz.com/wp-content/uploads/2025/09/20250901_160422_aEe58.png] Bitcoin hovers near $109K amid rate-cut anticipation, while select altcoins rebound from weekend losses The past 24 hours for Bitcoin have been defined by intense volatility, with Bitcoin price sinking to a two-month low before rebounding back above $109,000 later in the day. Traders seemed wary amidst the Labor Day lull and renewed tariff tensions. The total crypto market cap saw little change and remained steady around the $3.85 trillion market cap amidst the absence of any major catalysts. In the meantime, market sentiment remained in favor of bears, with the crypto fear and greed index dipping from neutral to fear territory following a slow weekend. At press time, the metric was at 46. Most altcoins were reeling from weekend losses throughout today’s Asian trading session, and only a select few, led by the top gainers, posted reasonable profits. WHY IS BITCOIN STUCK? Bitcoin traded between $107,295 and $109,828 today, caught in a tight range as US financial markets paused for Labor Day, leaving crypto participants to navigate a vacuum of…