BTC Hits 113K USDT on Binance Surge

Bitcoin has surpassed the 113,000 USDT mark for the first time this week. Binance market data confirms the price at 113,239.78 USDT as of 12:30 PM UTC on September 10, 2025. This movement reflects a 0.39% rise in the last 24 hours. The overall cryptocurrency market capitalization stands at approximately $3.99 trillion, with trading volume exceeding $120 billion across major platforms.

The price action occurs against a backdrop of compressed volatility in the crypto sector. Traders anticipate potential shifts following the upcoming U.S. Consumer Price Index data release on September 11. Prediction markets indicate an 82% probability of a quarter-point Federal Reserve rate cut later this month with such monetary policy adjustments likely to influence risk assets like Bitcoin. Recent U.S. spot Bitcoin exchange-traded funds reported inflows of $368.25 million on September 9, proving institutional interest despite some outflows in Ethereum-based products.

Binance Data Confirms Breakthrough Above Key Resistance

Binance provided the initial report on this milestone. The platform’s USDT pair for Bitcoin showed sustained buying pressure above the 113,000 level. Besides, the 0.39% gain, while narrow, indicates stabilization after a period of consolidation around 110,000 to 112,000 USDT. Over the past week, Bitcoin has fluctuated within a range influenced by broader market sentiment, including a 1% pullback on September 9 following U.S. jobs data revisions.

Technical indicators support this incremental uptick. The relative strength index for Bitcoin stands at 70.42 on the hourly chart, approaching overbought conditions but remaining below extreme levels. The moving average convergence divergence signals positive momentum at 308.09, with the asset trading above its 25-hour and 50-hour simple moving averages of 111,769.87 USDT and 112,026.52 USDT, respectively. Average directional index readings at 22.84 point to moderate trend strength. Trading volumes on Binance for the BTC/USDT pair reached about 2,800 units in recent hours, surpassing the average of 629 units. This elevated activity suggests accumulation by market participants.

Immediate resistance lies at 113,679 USDT, where sellers may re-emerge. Support holds at 110,766.66 USDT, aligned with recent lows. If volumes persist at current levels, Bitcoin could test higher thresholds toward 114,000 USDT in the short term. The average true range indicates potential daily volatility of around 1,500 USDT, consistent with September patterns.

Broader market dynamics play a role in this development. The total crypto market experienced a 0.5% decline on September 10, with altcoins showing mixed performance. Ethereum traded at 4,327 USDT, down slightly, while other major assets like Solana and XRP maintained stability. Institutional flows remain a key driver. Nasdaq’s recent filing with the U.S. Securities and Exchange Commission to enable tokenized equities trading highlights growing integration between traditional finance and blockchain infrastructure. Meanwhile, Vietnam’s approval of a five-year pilot program for cryptocurrency trading by domestic firms adds to global adoption signals.

Bitcoin’s market dominance stands at 56.2%, reflecting its role as a bellwether for the sector. The asset’s circulating supply remains at approximately 19.92 million coins, with a market capitalization of $2.25 trillion. Spot trading on platforms like Binance continues to dominate, accounting for over 45% of daily volume. Regulatory clarity in regions like Asia supports this upward pressure, even as seasonal September trends historically average a 3.77% decline for Bitcoin.