A trader who accumulated 22,840 Zcash (ZEC) tokens since 2021 has moved them to Binance for likely liquidation, realizing a profit of over $21 million after a 20x price increase. The trader initially spent $1.1 million when ZEC was priced around $48, and now the coin trades above $1,200. Despite Zcash's long downturn in 2022-2023 due to regulatory concerns over its privacy features, renewed interest has pushed prices higher. This large sale at the $1,000 psychological level suggests a potential market correction, which could offer new buying opportunities for investors willing to be patient.
Grayscale's head of research, Zach Pandl, cautions that investors might be distracted by newer crypto assets like Zcash and Hyperliquid, potentially overlooking established smart contract platforms such as Ethereum, Solana, and BNB Chain. These platf...
Zcash (ZEC) experienced a sharp decline of 2.08% within one hour, falling to $1,191 as of 11:12 a.m. ET on October 14. Over the past 24 hours, the token dropped 1.61%, down from $1,216 an hour earlier. During this period, liquidations on Binance, Byb...
Bitway (BTW) surged 38.60% to $2.61, leading gains among the 90 largest cryptocurrencies, with 61 assets advancing overall. Venice Token, Stacks, and Zcash also posted notable increases, while KuCoin and several others saw declines. Bitcoin and Ether...
In the latest altcoin spot ETF market activity, NEAR was the only token to record net inflows, extending its positive trend over five days. Meanwhile, Solana (SOL), Dogecoin (DOGE), and Zcash (ZCSH) experienced net outflows, continuing their withdraw...
Bitcoin rose 1.5% to nearly $83,900 following New York Fed President John Williams' statement that no further rate hikes are expected in 2027. This outlook weakened the dollar and lifted Asian stocks, with major cryptocurrencies like Zcash, Solana, D...
