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ADP
Bitcoin Retreats to $30.6K as Blowout ADP Report Strengthens Fed Rate Hike Bets
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Videos
Could Bitcoin Bounce Back in February?
CORRECTION: Galen Moore misstated the extent of stocks’ pullback. As of February 2, 2022 stocks had fallen back to about where they were a year ago, this time, not back to where they were before the pandemic crash in March 2020. CoinDesk Director of Professional Content Galen Moore discusses his analysis and outlook for bitcoin amid some analysts expecting prices to recover this month. Plus, thoughts on Arizona Sen. Wendy Rogers submitting more pro-crypto proposals, and the latest job report from ADP revealing U.S. companies cut 301,000 jobs in January.
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