Bitcoin dips below $77,000 amid market volatility

In the past 24 hours, 95 of the CoinDesk 100 cryptocurrencies have declined, with Bitcoin experiencing a drop of over 5% this week. The market's recent downturn is attributed to traders' expectations of an upcoming rate hike by the Federal Reserve, which has increased volatility across the crypto sector. Zcash, a privacy-focused token, has been among the most affected, leading the losses within the top-tier cryptocurrencies. This shift reflects broader market concerns about monetary policy adjustments and their impact on digital assets. While Bitcoin remains a key indicator of market sentiment, the overall decline highlights ongoing uncertainty in the crypto ecosystem amid macroeconomic developments.