A
rally
in
cryptocurrencies
was
quickly
snuffed
out
in
the
late
morning
hours
in
the
U.S.
as
traders
perhaps
continued
to
take
chips
off
the
table
following
a
big
run
higher
over
the
past
few
weeks.
Rising
to
as
high
as
$71,400,
bitcoin
(BTC)
quickly
pulled
back
to
the
$69,000
level,
down
nearly
1.3%
over
the
past
24
hours.
Ether
(ETH)
was
lower
by
0.3%
and
solana
{{SOL]]
fell
closer
to
2%.
The
broader
CoinDesk
20
was
off
just
0.6%,
with
cardano
{{ADA}}
and
litecoin
(LTC)
sporting
modest
gains.
Earlier
Friday,
the
government
reported
a
sizable
slowdown
in
the
U.S.
employment
market,
with
just
12,000
jobs
created
in
October,
the
weakest
jobs
growth
since
late
2020.
This
number,
however,
could
be
set
for
a
reversal
in
November
or
a
revision
higher
as
the
Bureau
of
Labor
Statistics
works
out
how
the
flooding
in
the
Southeast
may
have
affected
the
data.
Later,
the
ISM
reported
a
16-month
low
for
its
Manufacturing
PMI
survey,
the
gauge
dropping
to
46.5
versus
47.6
expected
by
economists.