U.S. Stocks saw a notable rebound, with the Nasdaq and Russell 2000 indexes increasing by 1.84% and 2.35%. Bitcoin managed a smaller increase of 0.74%, reflecting broader risk asset trends.
Following revised job data indicating 258,000 fewer jobs, expectations for a Federal Reserve rate cut in September now exceed 90%. This reflects a major shift in market sentiment.
Analysts express caution over the markets, highlighting unresolved macroeconomic risks and increasing demand for put options on Bitcoin, indicating investors are protecting against potential downturns within a range of 105,000 USD to 110,000 USD.
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