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Zcash gains institutional interest as Grayscale backs privacy focus amid $9.67M Coinbase withdrawal.

Market News
07 Oct 2026, 05:00 WIB
AMBCrypto
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Bullish
Zcash gains institutional interest as Grayscale backs privacy focus amid $9.67M Coinbase withdrawal.

Grayscale is increasing its bullish outlook on Zcash, highlighting its growing role in blockchain privacy. Grayscale's Head of Research, Zach Pandl, is set to present the "Macro Case for Zcash" at a major digital asset summit, signaling rising institutional interest. Meanwhile, a significant withdrawal of $9.67 million worth of ZEC from Coinbase indicates strong demand and accumulation by large holders. Zcash's price recently corrected after reaching highs but may find support around $1,295, potentially leading to a recovery toward a key liquidity zone between $1,370 and $1,380. This combination of institutional focus and market activity suggests renewed confidence in Zcash's privacy proposition and price potential.

Zcash trades at Rp23.525.968 on Pluang, down 2.12% as of Oct 07, 2026 09:21 WIB. Its market cap stands at Rp7,04 trillion with a 24-hour volume of Rp787,62 million. Typical hold time for ZEC on Pluang is 107 days, indicating steady investor interest despite recent price dips.

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