US ADP jobs rise 90,000, beating forecasts — bitcoin under pressure
- —ADP jobs came in at 90,000 vs 73,000 expected and 38,000 prior
- —Bitcoin at $83,809 (-0.6%), Ethereum at $2,695.79 (-1.3%) over 24 hours
- —Strong labor market lowers odds of an early Fed rate cut
- —Markets await official payrolls and the next inflation print
Why it matters: Hotter jobs data pushes back Fed easing, pressuring risk assets and threatening bitcoin's key support levels.
Source: Siam Blockchain