Softer nonfarm payrolls lowered rate-hike expectations, helping Bitcoin ETFs snap 10 straight days of net outflows as chip, robot and space stocks advanced across Asia.
Bitcoin climbed back above $61,000 after weaker-than-expected U.S. nonfarm payrolls eased concerns about further rate hikes and drew investors back into risk assets. The shift in sentiment also helped Bitcoin ETFs end a 10-session streak of net outflows. The broader move was reflected across Asian equities, where Samsung Electronics and SK Hynix surged in South Korea, Japanese chip stocks rebounded in a V-shaped move, and robot and commercial space shares gained in China and Hong Kong.