Bitcoin below $77,000, Zcash leads losses as traders bet on a Fed rate hike
macro
Bitcoin fell below $77,000 as broader crypto markets weakened, with Zcash posting the steepest losses. The decline coincided with traders increasing bets that the Federal Reserve could raise interest rates, reinforcing pressure on risk assets. The shift in rate expectations signals a more challenging near-term macro backdrop for Bitcoin and other cryptocurrencies.
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