Zcash (ZEC) surged above $1,000 on September 4, marking a significant recovery after a mid-year sell-off due to a security issue. The rally is driven by growing institutional interest, increased derivatives trading, and stronger adoption of Zcash's privacy features. Key factors include Grayscale's ETF push, high futures trading volumes, and a rising shielded supply. However, technical indicators suggest the price may be overbought, with potential support levels at $900-$840 and a deeper correction near $740 still consistent with a long-term uptrend.
The cryptocurrency market shows a general downward trend with major coins like Bitcoin and Ethereum dropping by around 1.4% and 1.5% respectively. However, some tokens such as ZEC and LIT have seen notable gains of 7.76% and 16.20%. This mixed perfor...
Zcash (ZEC) surged 15% in the past 24 hours after bouncing off the $750 pennant support, moving above key Exponential Moving Averages. This rally was supported by a doubling of trading volume to $1.2 billion, indicating strong buyer participation. Fu...
Zcash surged 20% on September 4, reaching $1,023, its highest price in nearly a decade, fueled by $34.5 million in short position liquidations. The rally coincides with the strong performance of Grayscale's newly launched Zcash Trust ETF, which has c...
Bitcoin surged above $82,000 on September 3 after $250 million in short positions were liquidated, triggering a $758 million total crypto market liquidation dominated by shorts. This short squeeze fueled a 21% rally in Zcash and notable moves in Ethe...
The SEC issued Order No. 34-106268 approving XRP and Solana as digital commodities alongside Bitcoin and Ether, allowing actively managed crypto ETFs to hold up to 15% of assets in these coins. This regulatory clarity sparked a $566.9 million short s...
