Markets digested a weaker-than-expected ADP hiring report, with payrolls rising 38,000 versus the prior month’s 44,000, while traders still increased the odds of a Fed rate hike in September. Risk assets weakened as the data failed to reduce tightening expectations.
Bitcoin traded at $77,000, down 1.0%, with 84 of the 125 largest tokens in decline. Gold rose 0.84%, the Nasdaq 100 fell 1.29%, and the 10-year yield stood at 4.79%.
Weak ADP Jobs Print Fails to Ease September Hike Bets as Bitcoin Slips to $77K
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