BitMEX released a report calling Zcash (ZEC) one of the most promising cryptocurrencies due to its strong privacy technology and Bitcoin-like monetary structure. Zcash recently rallied 32.9% and has a market cap over $5.2 billion, with features like shielded pools and zero-knowledge proofs enabling confidential transactions. Despite its potential, ZEC trades at a fraction of Bitcoin's market cap, suggesting undervaluation if privacy gains importance. However, risks remain from regulatory pressure and competition from Bitcoin and Ethereum, which could integrate privacy features themselves. BitMEX sees Zcash as a speculative but fundamentally sound bet on privacy-focused digital money.
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Zcash (ZEC) has gained over 16% in the past week, rallying from lows near $368 to around $552 following an 11% jump in one session. This surge is driven by anticipation of the Ironwood shielded pool upgrade expected around July 28, which addresses a ...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
