$BTC According to Cointelegraph, Bitcoin (BTC) experienced a notable increase, reaching $108,000 at the Wall Street opening on July 2, 2025. This surge followed a significant decline in U.S. private-sector employment numbers, which fell by over 4% in June, marking the largest drop since March 2023. The unexpected decrease in payrolls, reported by Automatic Data Processing (ADP), showed a reduction of 33,000 jobs, contrary to the anticipated increase of nearly 100,000. ADP's chief economist, Nela Richardson, noted that while layoffs remain uncommon, there is a noticeable hesitancy to hire and replace departing workers, contributing to the job losses. Despite this, the slowdown in hiring has not yet affected pay growth.