Bitcoin slips under $79,000, Zcash leads losses as Fed hike odds hold near 60%
Every major token fell on Tuesday, though most keep weekly gains, with traders pricing a 60% chance of a Fed hike next week.
Source: CoinDesk
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DW NOTE
The Fed will not hike next week—it hasn't raised rates since July 2023, and nothing in the current macro landscape justifies restarting that cycle. The 60% odds reflect traders pricing tail risk, not probable policy. Bitcoin fell because correlation trades still dominate crypto positioning, not because the FOMC is about to tighten into a normalizing yield curve and slowing global demand.