Bitcoin remained near $79,000 after August payrolls came in at three times the forecast, lifting expectations for a September interest-rate hike toward 58%, according to CoinDesk. The stronger-than-expected labor data pressured equities, but the crypto market has so far shown limited reaction. Zcash was a notable outperformer, rising 45% over the past week. The market update also tracks Notcoin, ORE and Solana alongside Bitcoin and Zcash as investors assess the contrasting response across asset classes to changing rate expectations. The data point to a clear divergence: stocks sold off following the payrolls surprise, while crypto prices remained comparatively resilient, with Bitcoin holding its level and Zcash extending its recent advance.
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CoinDesk
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