Bitcoin held above $77,000 on Wednesday despite a disappointing ADP employment report. Private-sector employers added only 38,000 jobs in August, well below the 47,000 consensus estimate, marking the slowest hiring pace since January. Polymarket contracts still reflect a meaningful probability of a 25-basis-point rate hike at the Fed’s September meeting. Institutional flows into spot Bitcoin ETFs have provided steady support, while Bitcoin remains pressured by PCE inflation near 3.7% and oil prices above $90 per barrel.
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