The cryptocurrency market showed signs of recovery as Bitcoin (BTC) attempted to reclaim the $110,000 level. BTC rose by approximately 3% after dipping below $107,000 over the weekend. Ethereum (ETH) maintained its position above $4,200, trading at $4,300, while Solana (SOL) and Ripple (XRP) also posted minor gains. Despite the uptick, market sentiment remains cautious due to concerns over upcoming U.S. labor market data and September's historically weak performance for cryptocurrencies. The reopening of U.S. banks after Labor Day contributed to thin liquidity and increased volatility. As summer holidays conclude, market participation is expected to increase, potentially enhancing liquidity. However, investor caution persists, with historical trends indicating September as a challenging month for Bitcoin. Upcoming U.S. labor data and potential Federal Reserve rate cuts could further influence BTC's price trajectory.