Crypto news report · source clearly identified
Bitcoin steadies near $79,000 as Fed hike odds rise, Zcash surges 45% weekly
August payrolls far exceeded expectations, lifting September rate‑hike odds to about 58%. While equities fell, crypto markets stayed resilient, with Bitcoin hovering around $79,000 and Zcash up 45% over the past week.
August payroll data came in at roughly three times the forecast, pushing market expectations for a Federal Reserve rate hike in September to around 58%.
Equities react, crypto holds
Stock markets responded negatively to the stronger‑than‑expected jobs report, selling off as investors priced in tighter monetary policy. In contrast, the cryptocurrency sector showed little reaction, with major assets maintaining their positions.
Bitcoin near $79,000
Bitcoin continued to trade close to the $79,000 level, indicating stability amid heightened rate‑hike speculation.
Zcash gains momentum
Zcash experienced a notable weekly rally, climbing roughly 45% over the past seven days.
Source & attribution
News Source
- Publisher
- CoinDesk
- Original date
- September 7, 2026, 8:17 AM
- Original headline
- Live updates: Bitcoin holds $79,000 as hike odds climb, zcash runs 45% in a week