ADP showed private employers adding just 44,000 jobs in July, down from a revised 95,000 in June, leaving Bitcoin balanced near $64,000 between the prospect of rate relief and the risk of a genuine growth scare. Complicating the easy read, wage growth accelerated for job changers and both two-year and ten-year Treasury yields rose the day before, so the setup heading into the official report was less one-directional than the headline drop suggested.