Bitcoin slips under $77,000 as broad crypto losses deepen

Crypto markets moved lower over the past 24 hours, with 95 assets in the CoinDesk 100 posting declines, according to CoinDesk. Bitcoin fell below $77,000 and has lost more than 5% over the past week. Zcash recorded the largest losses among the assets highlighted in the report. The market weakness comes as traders position for the possibility of a Federal Reserve rate hike. Bitcoin, Zcash and ORE are among the related assets tracked for this market update. The broad retreat points to a risk-off session across the crypto market, although the supplied data does not identify the size of losses for the wider group or provide further details on individual asset performance. Traders’ rate-hike expectations were cited as the backdrop to the move.