Live updates: Bitcoin holds $79,000 as hike odds climb, zcash runs 45% in a week
macro
Bitcoin held around $79,000 even as markets priced in higher odds of Fed rate hikes, indicating price resilience despite tightening monetary policy expectations. Rising hike odds kept volatility elevated and made BTC more sensitive to macroeconomic updates. Meanwhile altcoins like Zcash surged roughly 45% in a week, highlighting differentiated flows within the crypto market. Key implication: Bitcoin’s ability to sustain current levels suggests persistent demand but increased rate-hike risk raises downside volatility potential.
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