Bitcoin and other altcoins were under pressure following a stronger-than-expected private payrolls report from ADP. The report showed an addition of 183,000 jobs in January, surpassing expectations. The upcoming nonfarm payrolls report from the Bureau of Labor Statistics is anticipated to show a decrease in job creation. The employment data is important for cryptocurrency and stock market investors, as it impacts the Federal Reserve's decisions on interest rates. Ongoing U.S.-China trade negotiations are also affecting the crypto market. Bitcoin is showing technical indicators that suggest a potential price surge, which could drive other altcoins higher.



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