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

The weak ADP print is tightening the macro correlation between crypto and rate expectations, but Bitcoin's resilience above $77K suggests the market is pricing in the hike rather than being caught off guard. The divergence—BTC holding while most altcoins slide and equities dip—points to a flight to perceived quality within digital assets, not broad risk appetite. What matters next is whether this decoupling persists if the Fed follows through, or if rate-sensitive tokens drag the whole complex lower. The gold uptick alongside BTC hints that some traders are treating it as a macro hedge, but the Nasdaq's drop reminds that this framing remains contested.