Bitcoin price is stalling at $76,000 and the only jobs data of the week was just released. Friday’s employment data has been delayed. ADP data was just announced and the data was quite different compared to expectations.
US ADP Data
USA January ADP data It was published. The expectation was 48 thousand and the announced figure was 22 thousand. Following the report, BTC price fell to $76,000 and general weakness continues. While losses are increasing in altcoins, the general atmosphere is extremely negative.
“In a stagnant month in terms of employment, the healthcare sector stood out by creating 74,000 new jobs. The sectors that led the slowdown were the manufacturing sector, the professional and business services sector, and large employers, which have experienced job losses every month since March 2024.”
Job creation took a step back in 2025, with private sector employers increasing from 771,000 in 2024 to 398,000. While the last three years have seen a sustained and dramatic slowdown in job creation, wage growth has remained steady.”- Dr. Nela Richardson ADP Chief Economist
Although it points to weakness for employment, the report is not one to impose an interest rate cut as growth continues.
