Crypto Market Faces Pressure Following Unexpected US ADP Employment Data

Bitcoin and other altcoins remained under selling pressure following the release of the ADP Employment Change data from the US, which greatly exceeded expectations. Prior to the release of the data, Bitcoin, which had climbed over 31,000 dollars and neared 31,500 dollars, receded to 29,892 dollars after the data surpassed expectations. Some altcoins suffered double-digit losses. The crypto market’s attention is now turned to the release of three critical pieces of data from the US today at 15:30. Crypto Market Awaits 3 Critical Data from the US The crypto market continues to display sensitivity to macroeconomic data. Today at 15:30, the Non-Farm Payroll, Unemployment Rate, and Average Hourly Earnings data, all three critical indicators of labor market conditions and significant inflation indicators for the Federal Reserve, will be released. The Non-Farm Payroll data for June is expected to come in at 225,000, following May’s 339,000. The release of data surpassing […] The post Crypto Market Faces Pressure Following Unexpected US ADP Employment Data appeared first on COINTURK NEWS.