Bitcoin fell below $77,000, Zcash fell, Fed interest rate hike expectations put pressure on

Bitcoin fell below US$77,000, Zcash led the market down

According to unconfirmed reports related to the September 11, 2026 market snapshot, Bitcoin was trading below US$77,000, while Zcash led the gains and losses. Reports said that traders are laying out positions for the Federal Reserve to raise interest rates. However, core price and ranking propositions cannot be independently verified, and the only confirming policy evidence suggests that the Fed has so far kept interest rates unchanged.

Key Points

• Bitcoin is reported to be below US$77,000.
• Zcash reportedly led the decline in the market.
• Traders are reportedly betting that the Federal Reserve will raise interest rates.

Bitcoin fell below the US$77,000 mark and Zcash performed weakly

According to unconfirmed reports, during the September 11 reporting period, Bitcoin traded at less than US$77,000; this statement is questionable because the original article cannot be read to confirm intraday levels, and subsequent data cannot establish previous historical lows. A more recent snapshot shows that as of 21:20 UTC on September 12, 2026, the price of Bitcoin was US$77,155, down approximately 0.3% in 24 hours. This subsequent observation point is above the heading threshold of $77,000 and neither confirms nor disproves previous movements below $77,000.

Bitcoin price snapshot (September 12): US$77,155

According to the provided CoinGecko snapshot, the above bitcoin dollar price was last updated on September 12, 2026 at 21:20:40 UTC. This follow-up observation does not establish whether Bitcoin was trading below $77,000 on September 11. Linked public asset pages will be updated over time.

Zcash led the decline in the market

According to unconfirmed reports, Zcash was the largest falling asset in the cryptocurrency market within the reported range. However, the comparison range, measurement window and ranking method are unclear. In subsequent snapshots, Zcash fell 5.61% in 24 hours and was trading at US$1,119.38 as of 21:20 UTC on September 12, 2026. Based on the datasets for these two assets alone, it is impossible to confirm whether Zcash is the worst performer in the entire market.

Zcash's 24-hour price snapshot (September 12):-5.61%

Zcash's 24-hour price rate of change is rounded to-5.61%(the exact value is-5.609617450736564%). According to the provided CoinGecko snapshot, it was last updated at 21:20:50 UTC on September 12, 2026. The dataset for these two assets does not establish a market-wide decline ranking or performance on September 11. Linked public asset pages will be updated over time.

Overall market sentiment and Federal Reserve interest rate hike expectations

During the same period of time, overall market sentiment did not manifest itself as fear: as of September 12, the "Fear and Greed Index" recorded 63 points, in the "greedy" range. This composite reading does not isolate market positioning around any particular interest rate decision.

Traders reportedly increased their bets on the Federal Reserve raising interest rates as the crypto market fell. However, no implied odds, pricing tools, target meeting dates or information about the origin of such positions are available, and their causal relationship to losses in the crypto market has not yet been established.

Expectations for rate hikes frame market movements, but rate hikes have not yet been confirmed

The only proven policy evidence describes an expectation, not an action. On July 29, 2026, the Federal Open Market Committee (FOMC) voted 9 - 3 to maintain the federal funds target rate range between 3.5% and 3.75%, leaving interest rates unchanged. Three dissidents-Beth M. Hammack, Neel Kashkari and Lorie K. Logan-leaning towards raising interest rates by 0.25 percentage points, stated that inflation remained high relative to the 2% target and cited supply shocks, including energy. This divergence suggests a real interest-rate debate within the committee, which is consistent with the reported positioning of traders but is not conclusive evidence of it.

The next decision has not yet been made. The next meeting of the FOMC is scheduled to be held on September 15 - 16, 2026, and a summary of economic forecasts will be released. Therefore, any interest rate changes mentioned in the report are based on expectations prior to the meeting, rather than policy changes that have been implemented.

The unsolved mystery behind the sell-off

The snapshot in the title does not establish a sustained trend. No timestamped bitcoin lows of September 11, Zcash's benchmarking table, or verified interest rate hikes were available, so the timing, scale and basis of the reported events remain unclear.

To understand the cross-impact between Fed research and crypto market positioning, a Philadelphia Fed paper on Bitcoin wallets after whale trading illustrates how macro correlation analysis is interpreted by traders, while recent comparisons of Bitcoin ETF outflows with XRP fund inflows suggest that funds flows may run counter to a single macro narrative. None of these cases can confirm the specific incident that occurred on September 11.

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.