Bitcoin is stable near $110.6 thousand; Trump's mining company entered the NASDAQ

The price of BTC is holding at $110,632 on Thursday morning, remaining sideways after the collapse from the August highs ($124k). Investors are waiting for data on the US labor market and the Fed's rate decisions.

The cryptocurrency has barely reacted to the fact that the mining company American Bitcoin, associated with the Trump family, debuted on NASDAQ after merging with Gryphon Digital (ABTC).

• The shares rose by 16.5% on the first day, adding another +5% in the postmarket.

• The estimated share of the Trump family exceeded $1.5 billion.

• The company plans to mine BTC and form a crypto treasury.

Altcoin Market

Ether rose 1.6% to $4,378.21, recovering some of its recent losses. XRP rose 0.3% to $2,8254. Solana fell 0.8% and Cardano lost 1.3%. Among the meme tokens, Dogecoin fell by 0.4%, while $TRUMP declined by 1%.

Traders are focusing on Friday's employment statistics in the United States, which may influence the Fed's decision to cut rates.