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Zcash rallies past $670, defying market trends and drawing bullish warnings from Arthur Hayes.

Market News
20 May 2026
UToday
View Source
Bullish
pluang ai news

Zcash (ZEC) has surged past $670, becoming the 13th largest cryptocurrency by market cap, despite a broader market downturn affecting major assets like Bitcoin and Ethereum. BitMEX co-founder Arthur Hayes mocked traders betting against ZEC, highlighting its strong privacy appeal and rally momentum. The rally has been fueled by multiple catalysts, including Zcash's 2024 network halving, the end of a U.S. SEC investigation without enforcement, and institutional interest from firms like Multicoin Capital. Additionally, Grayscale's move to convert its Zcash Trust into a U.S.-listed privacy-coin ETF and positive media coverage have bolstered confidence in ZEC's growth potential.

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