Bitcoin fell below $77,000, Zcash fell due to Fed interest rate hike expectations

Bitcoin remained at around US$77,000, with Zcash leading the decline in major tokens

According to unconfirmed reports, there was a sell-off in the market on September 11, 2026, and traders were weighing the possibility of a Federal Reserve raising interest rates. However, available verifiable evidence paints a more complex picture: Bitcoin snapshots at the time of the study were slightly above that threshold, Zcash showed a significant decline, and official Federal Reserve documents showed interest rates remained unchanged rather than rising.

Key Points

• Bitcoin is reported to be below US$77,000, but a recent verified snapshot shows it slightly above that level.
• Among the verified comparisons of the two assets, Zcash (ZEC) led the decline, but did not confirm the ranking of the entire market.
• Traders 'bets on the Fed's interest rate hike reflect market expectations rather than announced policy decisions; the Fed kept rates stable at its last meeting.

Bitcoin transactions are close to US$77,000, encryption prices are weakening

According to unconfirmed reports, the transaction price of Bitcoin was below US$77,000 on September 11, 2026; however, the original report source was unable to independently verify this article. The $77,000 figure is best described as a reported price threshold rather than a confirmed technical support or resistance level.

The closest verifiable reading comes from a snapshot from CoinGecko that showed the price of Bitcoin at US$77,186, down approximately 0.20% in the past 24 hours, obtained at 21:30:18 UTC on September 12, 2026. The price is above rather than below the $77,000 mark and describes the acquisition time rather than the September 11 observations referred to in the title.

Bitcoin price at the time of search

US$77,186

CoinGecko snapshot, obtained at September 12, 2026 UTC 21:30:18. This price is above $77,000 and does not verify the reported price below that level on September 11. Source: CoinGecko; linked assets page displays real-time data.

Market sentiment does not seem to have clearly matched the weakness in prices. As of September 12, 2026, the Fear and Greed Index read 63, in the "greedy" range, although Bitcoin and Zcash both showed negative 24-hour changes. Recent reports track how outflows of ETF funds put pressure on BTC to the $77,000 region, a development that provides background information on reported market changes.

Zcash led the decline in verified contrast concentrations

According to unconfirmed reports, Zcash (ZEC) was identified as the biggest loser in this sell-off; however, the statement was not accompanied by any comparison range, time frame or market-wide rankings. There is a lack of contemporaneous data, so the widespread claim of "leading the decline in all assets" cannot be confirmed here.

It can be verified that in the same CoinGecko snapshot dated September 12, 2026, Zcash traded at US$1,122.26, down approximately 4.84% in the past 24 hours. Under this indicator, among the two asset sets of Bitcoin and Zcash, ZEC's decline was much greater than the 0.20% decline in Bitcoin over the same period.

24-hour change in Zcash at the time of study search

-4.84%

CoinGecko snapshot taken at September 12, 2026 UTC 21:30:18; rounded from-4.836813981101438%. This declining rolling 24-hour decline does not establish a loss ranking for September 11. Source: CoinGecko; linked assets page displays real-time data.

This poor performance is an observation, not an explanation. In the available evidence, no specific catalysts, cyber issues or privacy-coin sell-off against Zcash have been identified, so this should not be interpreted as a single cause of decline until further reporting.

Traders bet on interest rate hikes, but the Federal Reserve left interest rates unchanged in July

According to unconfirmed reports, as the crypto market weakened, traders increased their bets on the Federal Reserve's interest rate hikes; but the pricing sources, implied probabilities and meeting duration behind these bets have not been verified. The market's implicit expectations are very different from the confirmed policy changes.

The latest verifiable policy action pointed in the opposite direction. The FOMC statement on July 29, 2026 voted 9 - 3 to maintain the federal funds target rate range between 3.5% and 3.75%. Beth M. Hammack, Neel Kashkari and Lorie K. Logan and the others voted against it and supported a 25 basis point rate hike. The statement pointed out that inflation remains high relative to the 2% target, partly reflecting supply shocks, including energy.

The meeting also captured the differences between markets and forecasters. The July meeting minutes pointed out that market pricing at that time had fully incorporated expectations of a 25 basis point rate hike before September and another rate hike before the first quarter of the following year, while the median of respondents to the desks survey was expected to pass through 2027. There will be no interest rate changes and interest rates are expected to be cut in early 2028. This July market pricing is a historical background rather than a verification of September 11 probability.

The bullish view in the crypto market is that the Fed is holding back, as it did in July, so that policy will not tighten further, and the current "greed" sentiment suggests that risk appetite has not collapsed. The bearish view believes that persistent inflation and three officials 'support for raising interest rates have left room for higher interest rates, which may drag on demand for risky assets, including cryptocurrencies, in a conditional sense. The tension between the Fed's policy path and Bitcoin's volatility remains a core variable , just as it was the last time inflation data shaped interest rate decision expectations.

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. Before making a decision, be sure to study it yourself.