Stocks Sink while Bitcoin Rebounds on Hawkish Rate Comments

Stocks tumbled late in the U.S. trading session while bitcoin erased most of the week's losses and rallied to over $69,000
The selloff in stocks was prompted by hawkish comments from Minneapolis Fed President Neel Kashkari about potentially not needing future rate cuts
Kashkari's comments contradict Fed Chair Jerome Powell's recent remarks expecting rate cuts later this year
Friday's jobs report could provide more clarity on rate outlook; economists expect 200,000 jobs added in March and unemployment holding at 3.9%
Broader crypto market also gained with CoinDesk 20 Index up over 3%; ether lagged bitcoin's gains, only up 1.75%