Bitcoin nears $81,000 ahead of Fed decision as ZEC jumps 8%

Bitcoin rose nearly 2% to just under $81,000 ahead of the Federal Reserve's rate decision, clawing back weekend losses after sliding to nearly $79,000. Galaxy's head of research Alex Thorn said the bear market likely ended in June, with Bitcoin entering an accumulation phase historically preceding rallies, citing a move above its 50-week moving average. ZEC led major cryptocurrencies with an 8% jump to about $1,320, while HYPE, XRP, DOGE, ether, SOL and BNB also advanced.