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June jobs data unveils a harsh truth for Bitcoin bulls
Key takeaways
- It missed the 110,000 Dow Jones consensus and was down from an unrevised 122,000 in May.
- The ADP National Employment Report offers an independent, frequently updated snapshot of private-sector hiring, drawn from anonymized, aggregated payroll data covering more than 26 million U.S. workers.
- A soft labor print like this would typically revive Fed rate-cut bets and act as a liquidity tailwind for crypto.
June jobs data unveils a harsh truth for Bitcoin bulls June jobs data unveils a harsh truth for Bitcoin bulls · The Street Pooja Rajkumari Thu, July 2, 2026 at 12:22 AM GMT+7 3 min read ADP BTC-USD Bitcoin (BTC) traders got a mixed signal on July 1 after ADP reported that private-sector employment grew by just 98,000 in June.
It missed the 110,000 Dow Jones consensus and was down from an unrevised 122,000 in May.
The ADP National Employment Report offers an independent, frequently updated snapshot of private-sector hiring, drawn from anonymized, aggregated payroll data covering more than 26 million U.S. workers.
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