Bitcoin Slides Below $77,000 as Broad Crypto Selloff Grips Market

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Bitcoin has dropped below $77,000, recording a loss of more than 5% over the past week. The broader crypto market has also taken a hit, with 95 out of the CoinDesk 100 tracked assets declining in the past 24 hours. Zcash was among the hardest-hit cryptocurrencies during this period. The selloff comes as traders appear to be pricing in expectations of a potential interest rate hike by the U.S. Federal Reserve. Rising rate expectations have historically dampened appetite for riskier assets like cryptocurrencies.

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