Bitcoin below $77,000, Zcash leads losses as traders bet on a Fed rate hike
60-second summary
Bitcoin slips below $77,000 as Zcash leads losses, with 95 of the CoinDesk 100 dropping in the last 24 hours and Bitcoin shedding over 5% this week; traders cite expectations of a Federal Reserve rate hike, prompting risk‑off sentiment that pressures crypto valuations and could extend bearish pressure across the market.
Ninety-five of the CoinDesk 100 fell over the past 24 hours, and bitcoin has shed more than 5% on the week.