Crypto markets quickly sold off in mid-morning U.S. Friday hours even as August employment data argued for a quick pace of monetary easing from the Federal Reserve.At first, news that the U.S. added just 22,000 jobs last month had all markets – crypto, stocks, bonds and gold — in rally mode amid anticipation of the Fed cutting its benchmark interest rate 25 or even 50 basis points later in September.Things, however, quickly reversed following the opening of the stock market. Leading the way lower, was ether (ETH), which shed nearly 4% in a manner of minutes and is now down by 1.5% over the past 24 hours at $4,279. Solana (SOL) and XRP (XRP) suffered similar percentage-wise declines. Bitcoin (BTC)…
Source: www.coindesk.com — Read the full article
