Live updates: Bitcoin holds $79,000 as hike odds climb, zcash runs 45% in a week
Bitcoin remains stable near $79,000 while Zcash saw a significant 45% weekly gain, reaching its highest level since 2016. Meanwhile, strong US payroll data has increased the likelihood of a Federal Reserve interest rate hike, impacting market sentiment.
Why it matters
The intersection of cryptocurrency market performance and macroeconomic indicators like Fed rate hikes is crucial for investors monitoring digital asset volatility.
Zcash was the standout at nearly $1,183, up more than 3% on the day and 45% on the week after clearing $1,000 on Friday for the first time since 2016. Monero fell nearly 3% but holds a 4% weekly gain. The rest moved little. BNB dropped 2%, dogecoin and solana about 1% each, and ether, XRP, tron and hyperliquid all sat within 1% of flat.
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