Bitunix analysts: U.S. ADP employment data was weak in February, interest rate cuts were expected to rise, and the crypto market continued to rebound "
On March 6, as of press time, the price of Bitcoin is currently about US$92,151, with an intraday high of US$92,293 and a low of US$89,955. It has rebounded by more than 13% in a short period of time. The number of ADP jobs in the United States increased by only 77,000 in February, the smallest increase since July 2024, far below the market expectation of 140,000 and the previous value of 186,000. The weak data may indicate that the non-farm payrolls report to be released on March 7, 2025 (previous value of 143,000, forecast of 193,000) may also fall short of expectations. This has sparked market concerns about slowing U.S. economic growth and may affect the Federal Reserve's monetary policy decisions. Analysts 'view: If non-farm payrolls data continues to be weak, it may lead to a decline in market confidence in the US dollar. Before the release of non-agricultural data, it is recommended to operate cautiously and wait for the market reaction to be clear before making layout.
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