Stagflationary Data Puts Pressure on Bitcoin, Stocks Early in U.S. Day

What one hour ago was looking like another positive day in markets has turned decidedly negative as the latest economic data fueled growing stagflation fears.First up was ADP jobs numbers for April. Coming two days ahead of the government's own employment data for April, the ADP report showed just 62,000 private sector jobs created this month, well shy of estimates for 108,000 and March's 147,000. It was the weakest print since July 2024 source: https://www.coindesk.com/markets/2025/04/30/stagflationary-data-puts-pressure-on-bitcoin-stocks-early-in-u-s-day