Bitcoin back above $81,000 as hike odds fade, Zcash leads with 15% jump

JUST IN: $BTC climbs back above $81,000 as rate-hike odds fade, with $ZEC leading the rebound on a 15% jump.

Bitcoin's back above eighty one thousand dollars.

The push came from the rates side. Odds of another hike are fading, and the moment traders started believing money won't get more expensive, they went straight back into risk. Bitcoin caught the bid, and you can see where the pressure lifted, right at the Fed.

The stranger part is what's leading. Zcash, the privacy coin most people forgot existed, jumped fifteen percent and outran the whole board. When the old privacy names start sprinting ahead of Bitcoin, that's usually late-cycle enthusiasm, money hunting for whatever hasn't moved yet.

So the picture tonight is simple. Rate fear cooling, Bitcoin over eighty one k, and a 2016 coin wearing the yellow jersey. Rallies built on what the Fed might not do can unwind the second the Fed clears its throat. Enjoy it, don't marry it.

This is Sara White, reporting for HIT.