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Daily Market Update: Bitcoin Drops Below $79,000 as Fed Rate Hike Odds Hit 60% and Oil Prices Surge

CoinCentral·September 8, 2026·1 min read
Daily Market Update: Bitcoin Drops Below $79,000 as Fed Rate Hike Odds Hit 60% and Oil Prices Surge

Bitcoin fell to around $78,400 on Tuesday, down over 1% on the day. A stronger-than-expected U.S. jobs report pushed Fed rate hike odds to roughly 60%. Zcash led losses among large caps, dropping nearly 5%, while Dogecoin and BNB held up best.

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