Arthur Hayes, co-founder of BitMEX, set a bullish target for Zcash (ZEC) at 10% of Bitcoin's price, suggesting the recent rally is just the beginning of a larger growth cycle. Despite regulatory challenges facing privacy coins like Zcash, Hayes believes there is significant upside if market conditions and demand for privacy assets improve. This target implies a substantial increase from current levels, highlighting Hayes' view that ZEC could benefit from increased demand amid regulatory scrutiny of transparent blockchains. While not a consensus view, Hayes' call signals optimism for ZEC's future potential relative to Bitcoin.
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Zcash (ZEC) has gained over 16% in the past week, rallying from lows near $368 to around $552 following an 11% jump in one session. This surge is driven by anticipation of the Ironwood shielded pool upgrade expected around July 28, which addresses a ...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
