A ZCash drop below the $360-$380 support zone would indicate a move to the $300 support was inbound.
NU6.2 hard fork at block 3,364,600 fixed Zcash's Orchard bug; Ironwood aims for late July. ZEC fell 40% then bounced 45%.
Zcash whale opened a 2x long position on 20,338 worth $8.1 million.
Zcash price has remained pinned below the $400 level after last month's Orchard security scare, persistent overhead supply, and cautious derivatives positioning offset signs of improving buying pressure. According to data from crypto.
Argos is a recovery tool for users who had shielded funds stuck on ZEC Wallet Lite, an issue impacting some longtime Zcash supporters.
Kalshi's regulated perpetuals for ZEC trading could enhance market transparency and risk management, potentially attracting more US traders. Kalshi launches first US-regulated perpetuals for ZEC trading.
Zcash founder Zooko Wilcox-O'Hearn has sharply criticized cryptocurrency exchange Coinbase for aggressively pushing gambling-like features to its user base.
Coinbase's expansion into betting-style products risks regulatory scrutiny and reputational damage, potentially impacting investor confidence. Coinbase CEO defends betting promotions amid criticism from Zcash founder.
Introduced to the cryptocurrency ecosystem in 2016, Zcash emerged as a privacy-centric counterpart to Bitcoin. While Bitcoin operates with complete transaction transparency, Zcash enables users to conduct confidential transfers utilizing zero-knowledge cryptographic protocols.
Prominent cryptocurrency trader Garrett Jin has initiated a substantial short position targeting Zcash on the Hyperliquid decentralized trading platform. The position, valued at $21.73 million, carries an entry price of $418.90 per ZEC token.
Zcash has erased most of its mid-June recovery, bringing the privacy coin back to a major support zone as sellers regain control. According to crypto.
ZEC gained a Nasdaq-linked story, but lost trader enthusiasm.