2026-03-04 13:25:30

$ETH Yes, ADP has been announced, which is somewhat bearish for the crypto market.

1. Data Overview (Beijing Time, March 4th, 21:15)

• Previous: 22,000

• Expected: 43,000

• Actual: 47,000 (above expectations)

2. Why is it somewhat bearish?

• Employment exceeds expectations → Strong economic resilience → Fed rate cut expectations cool down, rate hikes delayed

• US dollar and US Treasury yields are prone to rise → Funds flow out of high-risk assets (cryptos) → BTC/ETH face short-term pressure and weaken with volatility

3. Current Impact

• Short-term: Crypto market likely to experience volatility / small corrections, increased fluctuations

• Medium-term: The single ADP report has limited influence; Friday’s non-farm payrolls are the key, determining the Fed’s policy direction in March

ETH7.23%

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