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Bitcoin fell below $79,000, and the probability of the Federal Reserve raising interest rates is sti

2026-09-09 15:34:07
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Bitcoin fell below US$79,000, and Zcash became the biggest decline currency of the day.

Against the background of the Federal Reserve's monetary policy of maintaining the probability of raising interest rates at around 60%, the price of Bitcoin slipped below US$79,000, while Zcash was cited as the worst-performing asset on the trading day. The market move came weeks before the Federal Reserve's next interest-rate decision and came after three officials called for an increase in interest rates at its July meeting.

It should be noted that the core market data on which this article is based originated from a report that could not be independently verified at the time and should therefore be regarded as provisional information. What we can confirm is the policy background based on official Federal Reserve documents and a market snapshot showing specific prices for Bitcoin and Zcash on September 9.



Bitcoin fell below the US$79,000 mark

According to unconfirmed news, during the trading hours that anchored this headline, Bitcoin fell below US$79,000. Since the report did not provide specific spot prices, timestamps or percentage declines, this level should be regarded as a reporting threshold rather than a confirmed technical break.

A later data snapshot did establish a range below $79,000: As of September 9, Bitcoin traded at $78,891, with a 24-hour rolling rate of change basically flat. This reading confirmed the price range, but did not confirm the downward breakout that occurred on September 8.

Bitcoin Price| September 9 Snapshot

USD 78,891

The above data comes from the provided CoinGecko snapshot, which was obtained at 05:47:53 UTC on September 9, 2026. This only indicates that the price was below $79,000 at the time of acquisition and does not refer to a downward breakthrough on September 8. Linked public asset pages will be updated over time.

The decline in this report is reminiscent of the previous stage when Bitcoin was trading around $80,000 amid concerns about the Federal Reserve's interest rate hike, highlighting the sensitivity of Bitcoin, the largest cryptocurrency, to interest rate expectations.



Zcash led the decline in the market

The same report listed Zcash as the asset with the largest decline, but did not provide a percentage decline, comparison group or measurement window. Therefore, the characterization of its "leading decline" relies entirely on unverified account information, and it is currently impossible to conduct quantitative analysis for specific peer groups.

Complicating matters is that a September 9 snapshot showed that Zcash has risen 7.33% in the past 24 hours to $1,213.57. This late positive reading neither confirmed nor refuted previous reports of the September 8 decline rankings; it only captured market conditions at another point in time.

Zcash 24-hour rolling rate of change| September 9 snapshot

+7.33%

The above data comes from the provided CoinGecko snapshot, which was obtained at 05:47:53 UTC on September 9, 2026 (rounded to +7.334289700268203%). This late positive reading neither establishes nor refutes previous reports of the September 8 decline rankings. Linked public asset pages will be updated over time.



The probability of the Federal Reserve raising interest rates remains at around 60%.

The headlines point the probability of the Federal Reserve raising interest rates at around 60%, but did not provide probability providers, target meetings and observation times. Readers should regard this number as an approximation and note that the market's implied probability is a bet on the decision, not the decision itself.

Official records are more accurate. At its July 29 meeting, the Federal Reserve voted 9 - 3 to maintain the federal funds target rate range between 3.25% and 3.75%, said Beth M. Hammack, Neel Kashkari and Lorie K. Logan and the others dissented and supported a 25 basis point rate hike.

accompanying's July meeting minutes noted that many participants believed further policy tightening might be necessary if inflation did not fall, and scheduled the next meeting for September 15 - 16. This conditional stance helps explain why expectations of rate hikes still exist, although it does not confirm any specific probability figure.

At the same time, market sentiment has not turned defensive: the Fear and Greed Index read 66 on September 9, or "Greed." The combination of reported declines, resilient sentiment indicators, and lingering's interest rate hikes fits a broader pattern: cryptocurrencies have repeatedly escaped pressure from the Federal Reserve, despite structural headwinds (such as the Bitcoin ETF still not reaching break-even point in 2026) making the recovery uneven.

Disclaimer : This article is for reference only and does not constitute financial or investment advice. There are significant risks in the cryptocurrency and digital asset markets. Be sure to conduct independent research before making a decision.

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