{"id":45981,"date":"2025-09-05T15:32:03","date_gmt":"2025-09-05T15:32:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45981"},"modified":"2025-09-05T15:32:03","modified_gmt":"2025-09-05T15:32:03","slug":"ether-leads-crumbling-crypto-prices-in-shocking-reversal-from-early-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45981","title":{"rendered":"Ether Leads Crumbling Crypto Prices in Shocking Reversal From Early Rally"},"content":{"rendered":"
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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.<\/p>\n<\/p>\n

At first, news that the U.S. added just 22,000 jobs<\/a> last month had all markets – crypto, stocks, bonds and gold \u2014 in rally mode amid anticipation of the Fed cutting its benchmark interest rate 25 or even 50 basis points later in September.<\/p>\n<\/p>\n

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) outperformed a bit, sliding closer to 2.5%, but still remaining slightly higher over the past day at $110,500.<\/p>\n

U.S. stocks reversed early gains, with the Nasdaq now down 0.6% and S&P 500 0.7%. Gold, however, continues to attract capital \u2014 though lower by a hair since touching a record high of $3,654 following the jobs data, the yellow metal is still up 0.9% for the session.<\/p>\n

\u201cThere\u2019s barely been any job growth in the past 4 months,\u201d Heather Long, chief economist at Navy Federal, wrote on X. \u201cThe Federal Reserve has to cut in September. And maybe October now.\u201d<\/p>\n

Traders on the Chicago Mercantile Exchange<\/a> (CME) have shifted their opinion on the size of the Fed\u2019s cut in September. Before this morning\u2019s report, odds of a 25 basis point rate cut were essentially 100%, but that’s now slipped to 86%, with a 14% chance of a 50 basis point move.<\/p>\n

President Trump also weighed in on his Truth Social: Jerome ‘Too Late”‘Powell should have lowered rates long ago. As usual, he’s ‘too late’.”<\/p>\n

\u201cThe warning bell that rang in the labor market a month ago just got louder,” said Olu Sonola, Head of US Economic Research at Fitch Ratings. “A weaker-than-expected jobs report all but seals a 25-basis-point rate cut later this month,” he continued. “Near term, the Fed is likely to prioritize labor market stability over its inflation mandate, even as inflation drifts further from the 2% target. Four straight months of manufacturing job losses stand out. It\u2019s hard to argue that tariff uncertainty isn\u2019t a key driver of this weakness.”<\/p>\n

A check of crypto-related stocks finds this week’s sizable weakness continuing. Coinbase (COIN) is lower by 4%, Circle (CRLC) by 7.5%, Strategy (MSTR) by 1.5%, MARA Holdings (MARA) by 3.2%.<\/p>\n

Leading ether treasury names Bitmine Immersion (BMNR) and Sharplink Gaming (SBET) are down 5.4% and 6%, respectively.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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 \u2014 in rally mode amid anticipation of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-45981","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45981"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45981\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}