How does an ADP report stir the global markets?

In May, ADP employment data exceeded expectations, seemingly just a piece of news about the U.S. labor market, but its actual impact is profound. Strong data indicates the economy remains resilient, and companies' willingness to hire hasn't waned, which is not good news for inflation control. The Federal Reserve's core task is to bring inflation back to the target range, and a hot job market makes this task more difficult. After the data was released, the interest rate futures market reacted quickly, pushing back expectations of rate cuts once again. What does this mean for the crypto market? The expectation of loose liquidity has been dashed. Bitcoin and the entire risk asset sector have largely been trading on the "rate cut narrative" over the past few months. Now, the timing of this narrative's realization is further delayed, and short-term bullish momentum may be hindered. But on the other hand, strong employment also means the probability of a soft landing increases, and the long-term fundamentals are not necessarily bearish. In the short term, the market needs to digest the adjustment in interest rate expectations, and volatility is inevitable.
#ADP就业超预期降息再推后
$SOL ‌