The ADP non-farm employment change, a closely monitored data point in the world of Bitcoin and cryptocurrencies, was announced today. The expectation was 150,000, while the previous figure was 107,000. The announced figure of 140,000 indicates that the data fell below expectations. Following the release of the data, we are looking at the current situation of Bitcoin and other cryptocurrencies.
Current State of Bitcoin and Cryptocurrencies
Bitcoin and other cryptocurrencies made surprising moves last night. The price of Bitcoin, after breaking records, quickly fell to the $59,000 level. Following a recovery, the BTC price began to rise again, exceeding $67,000 during the day.
Looking at the Bitcoin price after the data release, we see that BTC is trading at the $66,250 level. The data seems to have had little impact on the price of the cryptocurrency BTC.
What’s the Status of Ethereum’s Price?
Looking at the price of Ethereum, the king of Altcoins, we see that it fell to the $3,200 level last night amid market movements but then quickly recovered.
The cryptocurrency Ethereum is trading at $3,822 at the time of writing this article. Ethereum’s price experienced a rise to the $3,900 level today.
