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Zcash jumps 10% as Bitcoin steadies near $87K amid US bill progress and SEC moves

Market News
23 Sep 2026
Coindesk
View Source
Bullish
Zcash jumps 10% as Bitcoin steadies near $87K amid US bill progress and SEC moves

Zcash surged 10% to over $1,616, leading major cryptocurrencies higher as Bitcoin held steady near $86,900. The positive momentum follows the US House Financial Services Committee's approval of a bill to create a Strategic Bitcoin Reserve and the SEC's exemption allowing onchain trading of tokenized US stocks. These developments have boosted market confidence and tokenization-related assets. Meanwhile, falling oil prices eased inflation concerns, supporting bond rallies and a weaker yen after the Bank of Japan's cautious rate hike.

As of Sep 23, 2026 11:21 WIB, Bitcoin trades at Rp1.546.471.689 on Pluang, showing a modest 1.41% gain compared to Zcash's much stronger 10.15% rise to Rp28.544.774. While Bitcoin's circulating supply is near its maximum at 96%, Zcash remains at 78%, reflecting different stages in their supply cycles. This contrast highlights Zcash's sharper short-term momentum against Bitcoin's steadier performance amid recent market developments.

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