Bitcoin slips under $79,000, Zcash leads losses as Fed hike odds hold near 60%
60-second summary
Bitcoin slips below $79,000 while Zcash leads token losses, as traders price a roughly 60% probability of a Federal Reserve rate hike next week; every major cryptocurrency falls on Tuesday yet most retain weekly gains, reflecting cautious optimism. The heightened hike odds pressure risk assets, suggesting continued volatility and potential downside for the broader crypto market.
Every major token fell on Tuesday, though most keep weekly gains, with traders pricing a 60% chance of a Fed hike next week.