### US ADP employment report exceeded expectations, Bitcoin price fluctuated and fell

Hey, everyone! Today we are going to talk about the latest market dynamics, especially the situation in the cryptocurrency and blockchain industries. 📈

#### US ADP employment report is eye-catching

On October 3, the US ADP employment report was released, and the data exceeded expectations and improved significantly from the previous month. This shows that although the overall US job market is somewhat weak, it remains generally stable. The market generally believes that the Fed does not need to cut interest rates significantly next time, which has a certain stabilizing effect on market sentiment.

#### The situation in the Middle East is tense and market sentiment is volatile

At the same time, the situation in the Middle East is tense, and market concerns are increasing. After opening low, US stocks fluctuated slightly, with the Dow Jones closing up 0.09%, the Nasdaq up 0.08%, and the S&P 500 up 0.01%. However, the pressure on risky assets caused by this tension cannot be ignored.

#### Bitcoin and Ethereum price fluctuations

In the cryptocurrency market, Bitcoin once fell back to $60,000 and is now at $61,000; Ethereum fell again by more than 4.3%, falling below $2,400, reaching its lowest level in nearly two weeks. This volatility shows the market's sensitive response to the situation in the Middle East.

#### Foreign exchange and commodity market dynamics

In the foreign exchange market, non-US currencies generally fell, and the US dollar index rose for three consecutive days this week, setting a new high in nearly three weeks. Spot gold fluctuated violently, and gold prices rebounded after a sharp drop. Although the ADP data stimulated the rise in the US dollar and US bond yields, tensions in the Middle East provided support for gold prices. The market is also worried that Israel may strike Iran's oil industry, causing oil prices to rise by nearly 4% at one point.

#### The market is waiting for non-farm payrolls data

Currently, the market is waiting for Friday's non-farm payrolls data, and is also paying attention to the speeches of Federal Reserve officials for any clues about the policy path. These data and speeches will have an important impact on the future trend of the market.

#### New trends on 4E platform

4E is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets. Recently, 4E launched a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds users to pay attention to market volatility risks and allocate assets reasonably.

### Welcome to interact and communicate

What do you think about the ADP employment report and the situation in the Middle East? How do you think the prices of Bitcoin and Ethereum will change? Welcome to share your views and insights in the comments section, let's discuss together!

I hope this newsletter can provide you with some useful information, remember to stay tuned!