Bitcoin holds $64,000 as private hiring drops 53% before today’s macro test that could break support

Bitcoin at $64,000 faced a key test early Friday as the official U.S. jobs report approached, after a sharp slowdown in private hiring left the market balancing possible interest rate relief against the risk of a deeper growth scare.

At about 2:08 a.m. UTC, Coinbase priced Bitcoin at $64,322.23, only 0.37% above the bottom of a $64,087.41 to $64,944.16 rolling 24-hour range. CryptoSlate's Bitcoin page displayed a closely aligned $64,344.62, down 0.33% over 24 hours.

ADP reported that private employers added 44,000 jobs in July, 51,000 fewer than the revised 95,000 gain in June. ADP is an independent measure of private employment and should not be treated as a one-for-one forecast of the government's payroll count.

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