Zcash

Bitcoin experiences sharp volatility with double rejections, leading to market-wide losses, while Zcash surges 15%. Key US labor market data due today could influence Fed rate expectations.

Zcash (ZEC) is experiencing a massive price surge, driven by renewed interest in privacy, corporate adoption, potential ETF approval, and new exchange listings on Bitget and OKX.

Zcash’s price has fallen sharply despite positive news like an ETF application, with technical indicators pointing to a potential trend reversal.

Bitcoin is trapped in a narrow range after a strong rally, facing a sell wall at $92,000. The broader market is also fading, with significant losses for Solana, Cardano, and other altcoins.

Bitcoin’s price is stuck in a tightening range after hitting $92,000, facing strong selling pressure. With US markets returning from a short holiday, the broader crypto market is also seeing minor losses, with altcoins like Solana and Cardano leading the decline.

Grayscale has filed to convert its Zcash Trust into an ETF, potentially creating the first fund dedicated to the privacy coin. However, regulatory approval remains uncertain given authorities’ general skepticism toward privacy-focused cryptocurrencies.

While the broader crypto market struggles, privacy-focused coins like Monero (XMR) and Zcash (ZEC) are posting significant gains. Renewed exchange listings and growing demand for financial anonymity are fueling their rally.