Bitcoin Moves Back Toward $77,300 as Zcash Leverage Unwinds

Bitcoin recovered modestly on Sept. 11, rising 0.7% since midnight UTC to trade around $77,200, according to CoinDesk. The move brought the cryptocurrency closer to the $77,300 level as leverage in zcash unwound. Broader crypto-market participation was positive during the session, with 68 constituents of the CoinDesk 100 gaining. Despite the number of advancers, the index remained under pressure, down 1.4% over the previous 24 hours. The mixed performance highlights a firmer short-term move for bitcoin alongside continued weakness across the wider CoinDesk 100. Zcash is among the crypto assets linked to the market update, while bitcoin remains the primary asset covered by the price move.