Bitcoin Drops to $77,000 as Inflation Data Fuels Rate Hike Fears

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Bitcoin fell sharply to $77,000, recording a 5% decline over the week as markets braced for the latest U.S. inflation report. The broader cryptocurrency market followed suit, with all major digital assets trading in negative territory. Zcash was among the hardest hit, tumbling 10% in a single day. The sell-off came as the probability of an interest rate hike climbed to nearly 70%, rattling risk assets across the board. Investors are closely watching the August Consumer Price Index print for further direction on monetary policy.

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