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Crypto Macro

Bitcoin Holds $77K as Weak ADP Data Boosts Fed Hike Odds

Bitcoin held above $77,000 on Wednesday after ADP reported just 38,000 private jobs added in August, down from 44,000 in July, prompting traders to raise odds of a September Federal Reserve rate increase. The muted reaction came as 84 of the 125 largest non-stablecoin tokens fell, while gold rose 0.84% and the Nasdaq 100 dropped 1.29%.

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