• Bitcoin rebounds and Asian stocks fall ahead of U.S. nonfarm payrolls data
• The Bureau of Labor Statistics will release the report at 12:30 UTC, which is expected to show 205,000 jobs added last month
• Traders are pricing an 89% chance of the Federal Reserve raising interest rates by 25 basis points later this month

Bitcoin Retakes $30K

Bitcoin (BTC) bounced 1% to reach $30,300 after Thursday’s slide.

Asian Stocks Hit 5-Week Low

The MSCI’s broadest index of Asia-Pacific shares, excluding Japan, extended the prior session’s weakness to drop to a five-week low. U.S. stocks also registered notable losses after a blowout ADP private-sector employment report for June raised concerns of higher interest rates.

U.S. Nonfarm Payrolls Report

The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC. The U.S. is thought to have added 205,000 jobs last month, FactSet’s consensus estimates show, following an increase of 339,000 in May and 294,000 in April. The unemployment rate probably dropped to 3.6% from 3.7%, while average hourly earnings are expected to have increased by 0