Wintermute: Weak US Non-Farm Payrolls Drive Risk Asset Rebound, ETF Funds Flow Back into Crypto Market

Wintermute released a market update noting that U.S. non-farm payrolls in July unexpectedly decreased by 23,000, significantly weaker than market expectations, pushing September rate hike expectations down from 55% to 40% and driving a broad rebound in risk assets. Gold led the weekly gains, with Nasdaq, S&P 500, Bitcoin, and altcoins generally rising, while Brent crude oil fell 6.85%.