Bitcoin moves above $81,000 as September rate-hike bets weaken; Zcash jumps 15%

Bitcoin climbed back above $81,000 on Friday as traders reduced expectations for a September Federal Reserve rate increase, according to CoinDesk. Markets now view the likelihood of a hike as roughly even, shifting from stronger earlier expectations. The move supported a broad advance across major crypto tokens, with every major token recording gains during the session. Zcash was the standout performer, rising 15% and leading the market higher. Despite Friday’s gains, most major tokens remained little changed over the course of the week, indicating that the daily rebound has not yet translated into a significant weekly move. Bitcoin and Zcash were among the assets highlighted in the report.