At 3:00 AM Taiwan time on December 11, the Federal Reserve (Fed) announced its latest interest rate decision as scheduled. During this FOMC meeting, the Fed decided to cut interest rates by 1 basis point, lowering the federal funds rate from 3.75%~4% to 3.5%~3.75%. (Background: Trump: Rate cuts are a test for the Federal Reserve Chair, and may involve adjusting tariffs to lower the prices of certain goods) (Additional background: US November ADP employment figures plunged by 32,000, "far below expectations"! The probability of a rate cut by the Fed in December remains at 88.8%) At 3:00 AM Taiwan time on December 11, the Federal Reserve (Fed) announced its latest interest rate decision as scheduled. During this FOMC meeting, the Fed decided to cut interest rates by 1 basis point, lowering the federal funds rate from 3.75%~4% to 3.5%~3.75%.

As the December FOMC meeting approaches, the market's focus has shifted from rate cuts to the possibility that the Federal Reserve may resume large-scale bond purchases. A former New York Fed expert predicts that Powell will announce a plan to purchase $45 billion in Treasury securities per month to prevent repo market interest rates from surging. (Previous context: US November ADP employment fell by 32,000—far below expectations! The probability of a Fed rate cut in December remains at 88.8%.) (Background: 2026 Fed regime change—end of the Powell era, US interest rates may be "cut all the way to the bottom".) As the December FOMC meeting approaches, the market's focus has shifted from rate cuts to the possibility of the Fed resuming large-scale bond purchases. With the December 10 FOMC meeting approaching next week, the market is not only focused on the almost certain rate cut measures; veteran Wall Street strategists point out that the Fed may soon announce a major balance sheet initiative.

Today's Key News Alerts: 1. Next Week's Macro Outlook: The Federal Reserve's highly controversial rate cut is approaching, gold enters a phase of extreme volatility 2. South Korea plans legislation requiring virtual asset operators to assume 'no-fault compensation' liability for hacker attacks 3. "China's first GPU stock" Moore Threads co-founder Li Feng exposed for launching a token to raise funds and failing to repay a loan of 1,500 BTC 4. Analyst: Bitcoin on-chain activity is rising, demand remains positive, this cycle may not be over yet 5. Jupiter COO admits that its lending product Jupiter Lend's claim of "zero contagion risk" was false advertising 6. Binance responds to doubts regarding the timing of its official Twitter post and token launch, stating that an internal review has been initiated Macro Next Week's Macro Outlook: The Federal Reserve's highly controversial rate cut is approaching, gold enters a phase of extreme volatility As the US economic data such as "ADP Nonfarm Employment" and PCE generally support expectations for a Fed rate cut next week, Wall Street

On December 4, XRP reached the key resistance level of $2.2, with spot XRP ETF net inflows of $1 billion. U.S. ADP data showed a decrease of 32,000 jobs in November, with inflation outlook becoming more moderate and easing concerns about stagflation. The CME Fed Watch tool indicates that the probability of a Fed rate cut in December has risen from 88% to 89%, creating favorable conditions for the rise of risk assets like XRP.

Bitcoin (BTC) continues its rebound, temporarily trading around $93,570 on December 4. The U.S. job market unexpectedly weakened, fueling investors’ optimism for rate cuts. The SEC has sent warning letters to several ETF institutions, suspending applications for leveraged ETFs with exposure to underlying assets exceeding 200%. The UK has officially recognized digital assets as property, with the legislation approved and now in effect.

Author: TechFlow Yesterday’s Market Update US November ADP Employment Change: -32,000, expected 10,000, previous 42,000 According to Jin10 Data, US November ADP employment change was -32,000, expected 10,000, previous 42,000. US SEC Chairman: Bitcoin Market Structure Bill About to Pass According to The Bitcoin Historian, US Securities and Exchange Commission ((SEC)) Chairman Paul Atkins stated in a live interview with Fox News that the Bitcoin market structure bill is about to pass. Binance Co-Founder He Yi Appointed as Co-CEO According to an official announcement, Binance co-founder He Yi has been appointed as co-CEO and will serve alongside current CEO Richard

Why has the rise in Bitcoin prices become the market focus? ADP data shows that U.S. private sector employment decreased by 32,000 in November, far below the expected increase of 10,000, triggering expectations of a rate cut. The Trump administration suddenly canceled interviews with Federal Reserve chair candidates, leading the market to speculate that Hassett, who favors aggressive rate cuts, may replace Powell. CME data shows there is an 89% probability of a rate cut next week.

The three major U.S. stock indexes closed higher yesterday (12/3), as the latest ADP employment data strengthened investors’ confidence that the Federal Reserve will cut rates next week. The total crypto market cap rose 2.57%, with Bitcoin (BTC) surging to $94,150 this morning, driving the overall market upward. Ethereum (ETH) rose 5.76% in 24 hours, trading at $3,182 at press time. Market fear has slightly eased, and as the Federal Reserve ended quantitative tightening on 12/1, the correlation between Bitcoin and the S&P 500 index has increased again. Job market freezes, traders bet on rate cut next week According to the ADP report, private sector employment unexpectedly decreased by 32,000 in November, while the median economist forecast had been an increase of 10,000 jobs. Despite the weak data, traders are betting that the decline in private sector job opportunities will prompt the Federal Reserve to cut rates on 12/10.

1. US November ADP Employment Change: -32,000, the lowest level since March 2023 US November ADP employment change was -32,000, the lowest level since March 2023, with expectations of 10,000, and the previous value of 42,000 revised to 47,000. 2. UK "Digital Assets and Other Property Bill" Officially Takes Effect On Tuesday, John McFall, Speaker of the UK House of Lords, announced that the "Digital Assets and Other Property Bill" (Property (Digital Assets etc) Bill) has received Royal Assent from King Charles III.

Automatic Data Processing (ADP) released its latest national employment report this evening (3rd), showing that US private sector employment unexpectedly decreased by 32,000 jobs in November, far below the market expectation of an increase of 10,000 jobs. (Previous context: US non-farm employment in September far exceeded expectations! The probability of a Fed rate cut in December rebounded to 41%) (Background: Has the US labor market entered a winter? Goldman Sachs warns: the most severe wave of layoffs in a decade is erupting, and the unemployment rate may surge next year) Automatic Data Processing (ADP) released its latest national employment report this evening (3rd), showing that US private sector employment unexpectedly decreased by 32,000 jobs in November.

According to Mars Finance, gold prices fell from a six-month high on Tuesday, with spot gold dropping below $4200 per ounce during the day. This was partly due to rising U.S. Treasury yields and profit-taking that weighed on prices, while investors awaited U.S. economic data to assess the Fed's policy path. The benchmark 10-year U.S. Treasury yield remained near a two-week high, diminishing the appeal of the non-yielding asset, gold. KCM Trade's chief market analyst, Tim Water, pointed out, "Gold performed weakly today, but the fundamentals remain unchanged — including the anticipated rate cuts from the Fed, which should support gold prices from a yield perspective." Market sentiment is cautious, with expectations that the core PCE price index, a preferred inflation indicator of the Fed, will remain moderate when announced on Friday. Additionally, key U.S. data this week includes the November ADP employment report on Wednesday. ( Jin10 )

According to Shengchao TechFlow news on December 2, Jin10 reports that gold prices continued to fall on Tuesday, while silver retreated from the record high set yesterday. Carlo Alberto de Casa, an external analyst at Swissquote Bank, stated: "We have seen some traders take profits after the gold price rebounded from $4000 to $4250 in the past two weeks." Data released on Monday showed that U.S. manufacturing contracted for the ninth consecutive month in November. Investors are currently focused on the ADP employment report for November, set to be released on Wednesday, and the delayed September PCE index, in search of clues regarding a potential interest rate cut by the Federal Reserve at next week's meeting. Additionally, the market is awaiting U.S. President Trump's announcement of a new Federal Reserve chair nominee, with reports indicating that National Economic Council Director Hassett is the leading candidate. Hassett, like Trump, tends to favor lowering interest rates. De Casa predicts: "In the coming weeks, the gold price will fall to 40

The US stock market opened poorly in December, affected by speculation that the Bank of Japan (BOJ) may raise interest rates, leading to a Close Position in yen arbitrage. The crypto market began to decline first, with Bitcoin dropping from the 90K mark during yesterday's Asian session, reaching just above 83K in the evening, and nearly 1 billion USD in positions were liquidated within 24 hours. PMI has recorded the largest decline in four months, and the probability of the Federal Reserve lowering interest rates next week is high. Data released on Monday showed that due to weak orders, the US November ISM Manufacturing Purchasing Managers' Index (PMI) fell to 48.2, the largest decline in four months. In addition to the inflation data released on Friday, other related economic data this week includes the November ADP private sector employment data and the preliminary consumer confidence index for December. Ulrike Hoffmann-Burchardi of UBS Global Wealth Management

In the first week of December 2025, the Bitcoin market will face a decisive test as four major U.S. macroeconomic events occur in quick succession, which may reshape expectations for monetary policy and market liquidity. Fed Chairman Powell will give a speech on December 1, and on the same day, the Fed will officially end quantitative tightening, setting the tone for a shift in liquidity for the market. Subsequently, ADP employment, initial jobless claims, and core PCE inflation data will be released sequentially, with the market's expectation for a rate cut at the Fed meeting on December 10 reaching as high as 87.6%. This series of events will collectively determine whether Bitcoin can make a comeback or continue its downward trend.

According to Mars Finance, Bitcoin has maintained stability after a slight rebound, with the current recovery leaning more towards improved risk sentiment rather than internal drivers within the encryption zone. The stock market has seen a slight rise, with the market expecting an approximately 85% probability of a rate cut in December. However, high inflation and weak employment data still weigh on the market, and Fed officials have expressed slightly dovish tones, but with limited impact. This week's macro focus will shift to unemployment claims and ADP employment data. Meanwhile, the credit spreads and CDS related to AI continue to rise, indicating that funds are reassessing the strongest trading logic from the past year. The liquidity remains weak, with continuous outflows from crypto ETFs and net liquidation of asset products, with several net values dropping below 1 dollar per unit, and risk-averse sentiment significantly increasing. Strategy has once again taken the spotlight due to Bitcoin reserves approaching breakeven and stock prices being included in the MSCI delisting observation list, which may become a key variable in the market before the end of the year. Currently, BT

Wu analyzed this week's macroeconomic indicators, pointing out that the Fed's Beige Book shows that the U.S. economy is basically unchanged, with a decline in labor demand and a slight rise in prices. He also follows the upcoming release of the September PCE and ADP employment data.

Author: Deep Tide TechFlow Market dynamics yesterday The United States released important economic data According to Jinshi Data reports, the U.S. September PPI monthly rate is 0.3%, expected 0.3%, previous value -0.10%. The U.S. September PPI annual rate is 2.7%, expected 2.7%, previous value 2.60%. The U.S. September retail sales monthly rate is 0.2%, expected 0.4%, previous value 0.60%. ADP weekly employment report: In the four weeks ending November 8, 2025, private sector employers reduced an average of 13,500 jobs per week. Trump claims he will visit China in April next year. According to reports from Jinshi Data, Trump stated on social media that he will visit China in April next year. "The situation will only get better, our relationship with China is very strong!" he wrote, noting that this call is a further communication following the "very successful" meeting held in South Korea. Since that meeting,

1.QCP: Bitcoin stabilizes amid macro uncertainty, market follows Fed policy and government shutdown progress. QCP analysis points out that Bitcoin fluctuates with risk sentiment, stabilizing around $103,000 after a decline during the US trading session in the Asian session. Although the US government shutdown is still ongoing, the Senate has passed a temporary funding bill to extend funding until January 30, 2026, with the market expecting the shutdown to end between November 12-15. Yesterday's ADP data was weak, reinforcing expectations of a "cautious easing" by the Fed. The market remains influenced by policy and procedural developments in the short term, and the year-end performance of Bitcoin will depend on the Fed's direction and corporate earnings support. Read the original text 2. Fed's megaphone: The Fed's divergence on the interest rate cut issue in December is becoming increasingly pronounced. According to a report by Wall Street Journal reporter Nick Timiraos, there is internal discussion within the Fed regarding

Author: Deep Tide TechFlow Yesterday's Market Dynamics ADP Report Reshapes Market Expectations, Over 60% Betting on December Rate Cut Following ADP employment data indicating a slowdown in the U.S. labor market, U.S. Treasury futures surged, and the dollar index declined. The 10-year U.S. Treasury futures rose, with implied yields falling 4 basis points from Monday's close of 4.12%. According to swap data linked to policy meeting dates, the money market also increased bets on a Federal Reserve rate cut, pricing in over a 60% chance of a rate cut next month. U.S. Senate Passes Temporary Funding Bill, to Be Sent to House for Review According to Jin10 Data, on Monday evening local time, the U.S. Senate, led by the Republican Party, officially passed the temporary funding bill with 60 votes in favor and 40 against, ending a record government shutdown. The bill will be forwarded to the Republican-led House of Representatives for review, with the earliest possible...

Deep Tide TechFlow News, November 10th, HTX DeepThink columnist and HTX Research analyst Chloe (@ChloeTalk1) pointed out that the US government shutdown has lasted over a month. Although Senate leaders from both parties recently indicated they are seeking a "distraction plan," lawmakers remain deadlocked over issues like Medicaid. Both sides only reported "initial progress" and have not reached a real agreement. Due to the shutdown, official statistics have been paused, and the market can only rely on private data to assess the economic situation: the ADP report shows that in October, the private sector added only 42,000 jobs, with wage growth remaining at 4.5%, indicating a clear slowdown in the labor market. Meanwhile, the AI sector led the decline in tech stocks, with investors taking profits and high valuations seen as the main reasons for the correction. The strengthening dollar caused gold prices to fall about 1.5% within a week, and the market is awaiting December.

The U.S. ADP private employment report for November was released this evening (November 5th), shedding light through recent economic fog. The data shows that in October, the U.S. added 42,000 jobs, surpassing the market forecast of 25,000 and ending two consecutive months of negative growth. This marks the largest monthly increase since July. (Background context: Don’t just focus on rate cuts! What changes will ending quantitative tightening by the Federal Reserve bring to liquidity?) (Additional background: Goldman Sachs predicts the U.S. government shutdown will end within two weeks, making a December rate cut by the Fed "more justified"?)

U.S. stocks rebounded on Wednesday, with the three major indices posting the largest gains since the end of October. AMD boosted tech stocks, and the recovery in the labor market helped the ADP employment report exceed expectations, while the Federal Reserve hinted at potential interest rate cuts. Meanwhile, the cryptocurrency market also recovered, with Bitcoin returning to $103K. The Supreme Court has begun hearings on Trump's tariff case, which will affect future trade policies.

Bitcoin prices continue to fall, temporarily reporting at $101,352, with the intraday low reaching $98,966. Why did Bitcoin decline today? On a macro level, a strengthening dollar and the Federal Reserve's hawkish stance exert pressure. Ahead of the release of ADP employment and non-farm payroll data this week, traders are adopting defensive strategies. According to Farside Investors data, U.S. spot Bitcoin ETF funds experienced an outflow of $1.15 billion in October.

The Fed is facing a serious risk of lack of data for decision-making due to the government shutdown, losing high-frequency employment data. US Treasury yields have retreated, and market expectations for interest rate cuts have warmed up. The crypto market is experiencing increased fluctuations amid uncertainty, and analysts point out that the decline in data transparency may affect the pricing of liquidity.

ADP's data supply has been interrupted again amid the U.S. government shutdown, and the Federal Reserve is assessing employment and inflation amid dual communication breakdowns, with Nick Timiraos analyzing the decision-making risks. (Background: After Trump's shutdown, there were massive layoffs of federal employees and a freeze on the Democratic Party's $8 billion green energy project.) (Context: The White House announced the official shutdown of the U.S. government, and Trump officials praised the opportunity to eliminate redundant staff.) Nick Timiraos, a reporter for The Wall Street Journal, dubbed the "voice of the Federal Reserve," noted in an article on the 21st that the Federal Reserve (Fed) is experiencing the most severe information gap since the 2008 financial crisis: the private payroll company ADP ceased providing weekly employment data at the end of August, and the government shutdown starting October 1 has halted official statistics. Under this double blow, decision-makers have to judge labor market trends in almost complete darkness.

Despite the uncertainty in the macroeconomic environment, the crypto market is experiencing a significant inflow of capital, with Bitcoin (BTC) even breaking through the historic high of $125,000. This rise is mainly due to the market front-running the narrative that the Fed may cut interest rates in October. This expectation of a rate cut stems from the delayed release of key economic data (such as CPI, PPI, and employment data) caused by the U.S. government shutdown, as well as the weaker-than-expected employment data emphasized in the September FOMC minutes (with a loss of 32,000 jobs in September ADP), which puts greater easing pressure on the Fed. However, as the dollar (DXY) strengthens and funds rotate into U.S. Treasuries (with the 10-year Treasury yield falling below 4.15%), global liquidity is tightening, resulting in an outflow of $90 billion from the crypto market this week. Market focus has now shifted to Fed Chairman Powell's first public speech after the government shutdown to assess the strength of any rate cut signals.

According to Mars Finance, on October 3, due to the government shutdown, the release of the US non-farm employment data for September is uncertain. Senator Warren emphasized that the data has been processed and urged the government to publish it on schedule, otherwise it will affect the basis for the Federal Reserve's interest rate decision at the end of October. The market can currently only rely on alternative indicators such as ADP, and the ADP report shows an unexpected decline in private sector employment, further deepening concerns about economic slowdown. From a macro perspective, if the non-farm data is delayed or weak, it will increase market bets on interest rate cuts, which is favorable for risk assets in the short term, but the information vacuum may also amplify fluctuations and uncertainty. Bitunix analysts' views: The data delay caused by political gamesmanship has made the market rely on alternative information, intensifying volatility. Observing the crypto market, if BTC breaks through the 121k area, the liquidation intensity will reach 650 million dollars; below are 112k and 108k.

The U.S. labor market cooled far more than markets expected—instantly rewriting bets for the Fed’s October decision. The ADP private payrolls report showed a 32,000 job decline in September, versus a consensus for ~50,000 gains after a revised +54,000 in August. The probability that the Fed keeps

In early September 2025, U.S. economic data once again drew market attention. Over the past week, U.S. labor market data showed signs of continued slowdown, with the Non-Farm Payroll report (NFP) becoming the focal point. Despite the S&P 500 index briefly reaching an all-time high, it subsequently experienced a noticeable pullback, reflecting investors' concerns about the economic outlook. At the same time, gold prices continued to rise, breaking through the $3600/ounce mark, while global long-term bond yields showed an upward trend, particularly for 30-year bonds. These two major themes—the weakness of the labor market and the dumping in the bond market—intertwined, highlighting the uncertainty in the macroeconomy. This article provides an objective analysis of these phenomena based on the latest data and explores their potential impacts. The analysis primarily references sources such as the U.S. Bureau of Labor Statistics (BLS), ADP reports, and dynamics in the global bond market. U.S. Labor Market: Slowdown Trend Intensifies The US labor market in 202

As the latest employment reports, such as ADP non-farm payrolls and initial jobless claims, indicate a weak labor market in the United States, the prices of Bitcoin, Ethereum, and XRP have rebounded. This data has led traders to now expect the Fed to make three rate cuts this year. In the past 24 hours, a total of $270 million in short positions have been liquidated in the crypto market, with over $36 million being closed within just one hour. The market is currently awaiting the upcoming non-farm payroll data and unemployment rate report, which will be crucial in determining the short-term price movement.

The U.S. non-farm payroll report for August is set to be released tonight, with the market focusing on employment weakness and the possibility of the Federal Reserve lowering interest rates, prompting investors to pay attention to short-term fluctuations. (Background: The probability of a rate cut by the Federal Reserve in September has risen to 97.6%! The small non-farm ADP report fell short of expectations, and U.S. Treasury yields hit a new low since May.) (Additional context: Federal Reserve Board of Governors members revealed that "inflation is high but there is room for rate cuts," and the market bets that the probability of a rate cut in September has reached 96.8%.) U.S. stocks saw a boost on the 4th due to weak labor market data and rising expectations for rate cuts, with all three major indices climbing. However, the non-farm payroll report for August, to be unveiled at 20:30 Taiwan time tonight, is viewed as the final piece in assessing whether the Federal Reserve will initiate a rate cut at its next meeting, and it may also bring a new round of volatility to global asset prices, so please be aware of potential risks. Employment cooling data has surfaced, and the market currently estimates that the U.S. non-farm payrolls in August increased by only 75,000.

Recent data has reinforced the view of a cooling labor market, with traders continuing to bet on a rate cut by The Federal Reserve (FED), and the S&P reaching a new historical high. Bitcoin (BTC) fell to 111K, with Ether (ETH) dropping nearly 3%. The Nasdaq exchange will strengthen its scrutiny of crypto assets companies, leading to a broad decline in the digital asset financial company sector (DAT). Before the non-farm payrolls report is released, the S&P reaches a new high. The ADP employment report shows that employment increased by 54,000 in August, below the expected 75,000 and the revised 106,000 in July. In addition, as of the week ending August 30, the number of initial jobless claims in the United States increased to 237,000, an increase of 8,000 from the previous week, further proving that the labor market is slowing down. However, the August non-manufacturing PMI data from the Institute for Supply Management (ISM) was better than expected.

On Thursday evening Beijing time, the US stock market opened slightly higher, as weaker-than-expected ADP private employment data reinforced market expectations for a rate cut by the Fed later this month. The S&P 500 index and the Nasdaq Composite index both rose slightly by 0.2% in early trading. Meanwhile, Bitcoin entered a fragile phase after several days of selling pressure, with prices fluctuating around the $110,000 level. Analysts pointed out that the market lacks conviction for a decisive pump, and holding onto this key support is crucial for maintaining market sentiment.

The weakening of the dollar, risk aversion demand, and expectations of Fed interest rate cuts, among other factors, have contributed to pushing gold prices to soar to $3,490 per ounce, reaching a new high in four months. The upcoming key economic data from the U.S. (such as ISM, JOLTS, ADP, and the non-farm payroll report) will become the focus of market attention, and their performance will determine the future trend of gold prices. While the gold market shines, Bitcoin is also consolidating its position as an institutional reserve asset. Japanese company Metaplanet has increased its Bitcoin holdings to 20,000, while the University of Hong Kong has launched a pilot project for paying tuition fees with Bitcoin, highlighting the accelerating adoption of Bitcoin in businesses and the real world. Technically, Bitcoin prices have gained solid support around $108,000 and are building momentum for the next breakthrough.

As Bitcoin (BTC) approaches the key psychological level of $120,000, the U.S. economic data released intensively this week will be a decisive factor in determining whether it can break through. From the Consumer Confidence Index, JOLTS job openings to ADP employment, initial jobless claims, and the heavyweight non-farm payroll report, along with the Fed's interest rate decision, five major signals will reshape market risk appetite. This article deeply analyzes the potential impact of each data point on the crypto market, providing traders with key decision-making references.

Weaker U.S. employment data led to increased expectations for Federal Reserve rate cuts, boosting bitcoin prices. Analysts mark $110,348 as key resistance, suggesting potential for further gains or pullbacks depending on BTC's movement.

According to Mars Finance, on July 3, BTC broke through the short-term downtrend line, currently reported at about 109,485 USDT, close to the resistance level of 110,348 USDT, with support levels at 105,000 and 102,560 below. If it can hold above, there is still potential for an upward move. This trend is related to the poor ADP employment data released in the US in June, with market expectations for a rate cut in July adjusted to 25.3%. Gold prices have risen, the dollar is under pressure, and encryption assets are strengthening simultaneously. Bitunix analysts suggest: the weak ADP data supports market expectations for the Federal Reserve to initiate rate cuts, which is bullish for risk assets in the short term. If the price can successfully hold above 110,348 USDT, it may challenge the resistance level above 112,000; if there is a pullback, opportunities in the 106,000–105,000 range can be noted. It is recommended to follow today's developments.

The U.S. Senate passed the Trump Make America Great Again Act on Tuesday by a narrow vote, striving to get it through the House of Representatives this week. However, CNBC analysis shows limited benefits for low-income groups. (Background: The U.S. 'Small Non-Farm' ADP report has been released! In June, jobs decreased by 33,000, and Bitcoin reached $108,000.) (Additional context: Musk announced that the Neuralink "brain chip implantation" surgery was successful! The first patient is recovering well.) Lily, a waitress in New York, originally thought that "tips being tax-free" would quickly fill her wallet, but after calculations, she found that the tax savings were not even enough for a cup of hand-brewed coffee. She lamented, "What was promised as a small happiness is actually just something visible but unattainable." Although this narrative is purely fictional, it indeed hints at the gap between Trump's tax cut rhetoric and its actual benefits. Previously, we mostly discussed the high-level impacts of the Trump Make America Great Again Act; in this article, we will roughly discuss its effects on the general population.

The US ADP employment report shows that the private sector lost a net of 33,000 jobs in June, marking the largest decline of 2023, below market expectations. The service sector dragged down employment, indicating a slowdown in hiring by businesses, with expectations of interest rate cuts in the market rising. The non-farm report will be released on July 3, with an expected addition of 129,000 people.

On Wednesday (Eastern Time), the US stock market once again set a new historical high, but the market's optimistic sentiment was brought back to reality by an unexpected employment data. On one hand, US President Trump announced a trade agreement with Vietnam, boosting the S&P 500 and Nasdaq indices; on the other hand, the employment data released by ADP showed a decline in private sector employment, raising market expectations for an economic slowdown and the possibility of rate cuts by The Federal Reserve (FED). Trade positive news assist: S&P 500 hits new high U.S. President Trump announced on Wednesday via Truth Social that a new trade agreement has been reached between the U.S. and Vietnam, which includes a 20% tariff on imported goods from Vietnam. This news boosted investor confidence, leading the S&P 500 index to rise 0.3% and hit a historic high during the trading session. The tech-heavy Nasdaq climbed 0.8%, while the Dow Jones Industrial Average slipped 3.

The main economic event of this week will take place on Friday when the US government releases the employment data for May. However, prior to that, there are three quite important data points on Wednesday, and all of them indicate an unexpected weakness. First is the private ADP payroll for May and that report shows only

This week's main economic event comes on Friday when the U.S. government releases employment data for May. Ahead of that though, were three fairly important data points of their own on Wednesday, and all flashed unexpected weakness. First to hit was ADP private payrolls for May and that report

gate Institute (2025.2.28-3.6), this report comprehensively analyzes the important dynamics of the Cryptocurrency market and macroeconomics. On February 28, the U.S. core PCE price index for January rose by 2.6% year-on-year, which is generally in line with expectations. On March 3, Trump announced the push to establish a U.S. encryption reserve, with BTC, ETH, SOL, XRP, ADA included as core assets in the reserve. On March 5, USDC became the first USD stablecoin approved for use in Japan. The White House supports the abolition of encryption broker rules, and Decentralized Finance regulation may face a turnaround. In February, ADP employment unexpectedly fell to 77,000 in the U.S., below expectations.

The US ADP employment data was released last night, with only 77,000 jobs added by private enterprises in February after seasonal adjustment, far below the expected 141,000 by economists. However, the market was boosted by the announcement of the 'postponement of auto tariffs on Mexico' by the US, leading to a Rebound. (Previous context: US CPI exceeded expectations, Trump said: rate cut must happen, Putin agreed to ceasefire talks, BTC Rebound broke through $98,000) (Background: US President Trump demanded an immediate rate cut from the Federal Reserve: I understand Intrerest Rate better than Powell! US bond yields Intrerest Rate declined) The ADP employment data, also known as 'mini non-farm payroll', was released last night. The report showed that only 77,000 jobs were added by US private enterprises in February after seasonal adjustment, significantly lower than the economists' previous expectation of 141,000, marking the smallest increase since July last year. In response to this report, the ADP Research Institute stated

Dallas Fed President Logan pointed out at the BIS meeting that with inflation easing and a robust labor market, the Fed Benchmark Interest Rate may be approaching a neutral level, and there is limited room for further rate cuts in the short term. She emphasized that even if inflation approaches the 2% target in the coming months, it is not enough for the Fed to cut interest rates unless there are signs of deterioration in the job market. (Background supplement: Legendary Big Shorts: Bubble signs have been seen in US stocks, and the biggest risk in the next year is a Deepseek-like effect.) The US Labor Department released ADP employment data on Wednesday (May 5), which showed that the number of employees in private enterprises increased by 183,000 after seasonal adjustment in January, the largest increase since October last year, and exceeded economists' expectations of 148,000.

Tonight's US economic data and speeches by Federal Reserve officials will affect the US dollar index, Spot gold and the crypto market. The price of Spot gold remains stable but fell 3.41% in November. The price of BTC is at $96,500, and if it breaks $100,000, it may present a new high for ETH and a gradual rise in the market. The South Korean president's martial law order caused BTC to have a negative premium, but this is a regional event affecting a single market. The short-term support for BTC is at $94,000-$94,500, and the medium-term support is around $87,000 and $85,000.

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