Bitcoin creeps toward $81,000 ahead of the Fed, but Zcash's 8% jump steals the show
Bitcoin crept toward $81,000 on Wednesday, but larger altcoins ran faster, with Zcash up 8% as tech stocks kept climbing.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Bitcoin is approaching $81,000 ahead of a Federal Reserve decision
- Zcash (ZEC) rose 8%
- Major altcoins outperformed bitcoin across the board
- Tech stocks extended their climb, supporting risk appetite
Bitcoin is inching toward $81,000 while traders sit on their hands waiting for the Federal Reserve's next decision. It isn't the one leading, though. Larger altcoins are doing better, and Zcash (ZEC) is the standout with an 8% jump.
Majors outrun bitcoin
CoinDesk reports that the major tokens beat bitcoin across the board on Wednesday. That's a switch from the usual script, where BTC sets the pace and everything else limps along behind. Tech stocks pushed higher too, extending their own run, and crypto has been moving right alongside that appetite for risk. Notice who's following whom.
The Fed looms
The central bank's decision is the near-term event that matters. What do markets expect? The source material doesn't say, so I won't pretend to know. What is clear: traders are positioned cautiously going into the announcement. Rate-sensitive assets like crypto can swing hard on the wording as much as on the outcome itself.
Why it matters
When altcoins beat bitcoin, it often means traders are happy to take on more risk. That's also what makes it fragile. A hawkish surprise from the Fed could flip the mood fast, and smaller tokens tend to fall quicker than they rise. Holding altcoins? Watch the Fed statement, and watch whether tech stocks keep their footing. If equities stumble, crypto's rally could go down with them.
Source: CoinDesk
Top Crypto Casinos Right Now
🇺🇸 Showing sites that accept players from United States Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-facing book that pays a premium for crypto deposits: 125% against 100% for cash, with fee-free deposits across five coins.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: BetNow's casino floor with the biggest match bonus we list. The 200% headline deserves a careful read of the code terms behind it.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: A US-oriented casino that turns away only New Jersey. The cashier takes crypto, but the site publishes fewer specifics than any operator we list.
- KYC
- Required
Restricted countries: New Jersey (US).
Sofia Marek
Sofia reviews exchanges and crypto casinos, focused on fees, safety and what actually reaches the player.
