Group 1: Cryptocurrency Market Overview - The cryptocurrency market experienced a significant downturn, with Bitcoin dropping by 1.36% to $110,762 and Ethereum falling nearly 3% [1][2] - Over 70,000 traders were liquidated in the past 24 hours, with a total liquidation amount of $270 million [4][5] - The market capitalization of Bitcoin is approximately $796 billion, while Ethereum's market cap stands at around $587.8 billion [2] Group 2: Employment Data Impact - The U.S. non-farm payroll data for August showed a disappointing increase of only 22,000 jobs, significantly below the expected 75,000 [6][7] - The unemployment rate remained at 4.3%, with average hourly earnings increasing by 3.7% year-over-year, slightly below the expected 3.8% [8][10] - The weak employment data has strengthened expectations for a potential interest rate cut by the Federal Reserve, with a 96% probability of a 25 basis point cut in September [10][11] Group 3: Gold Market Reaction - International gold prices surged, with COMEX gold futures rising by 0.92% to $3,639.8 per ounce, reaching a new high [15] - In August, gold ETFs saw a net inflow of $5.5 billion, primarily from North America and Europe, while Asia experienced outflows [15]