U.S. ADP Employment Data Exceeds Expectations, Pressuring Crypto Markets

The U.S. ADP Nonfarm Employment Change for September 30, 2026, reported 90,000 new jobs, surpassing market expectations of 73,000 and significantly higher than the previous month's 38,000. The stronger-than-expected labor market data has dampened hopes for near-term monetary easing by the Federal Reserve. Following the report at 8:30 AM EST, Bitcoin traded at $83,809 (-0.6%) and Ethereum at $2,695.79 (-1.3%).