Zcash (CRYPTO: ZEC) surged 21% after Foundry, the world's largest Bitcoin (CRYPTO: BTC) mining pool, announced Wednesday it would add ZEC support, marking a significant institutional signal from a pool that has historically mined only Bitcoin. The Triple Catalyst Foundry's decision to add Zcash support represents a major shift for the world's largest Bitcoin mining pool.
Ceasefire rally: Zcash jumped after the US-Iran ceasefire announcement, briefly hitting $336.50 before settling near $332 with nearly 25% gains. Technical structure: Zcash is repeating its 2021 pattern, holding support near $197 while testing a descending trendline that could either trigger a breakout toward $370 or confirm a bull trap.
Zcash exploded higher Tuesday. The privacy coin jumped 30% to $60 as rumors swirled about potential US-Iran ceasefire talks, sparking one of crypto's wildest single-day moves this year.
ZEC's latest rebound resembled bounces witnessed during the 2021 bear market, raising the odds of a 40% correction in the coming weeks.
The crypto market saw a surprise rally early Wednesday, which saw over $600 million in liquidations, sending Bitcoin and altcoins higher.
"The path looks open for a continued rally," one X user argued.
Zcash surged 25% to nearly $335 following the announcement of a ceasefire between the U.S., Israel, and Iran. The rally pushed ZEC's weekly gains to 33%, significantly outperforming bitcoin and bringing its market capitalization to $5.4 billion, nearing its competitor monero.
The US–Iran ceasefire flipped macro sentiment, helping ZEC rebound after a ~75% drop from its 2025 high near $750.
Zcash (ZEC) delivered a robust performance on Tuesday, April 7, advancing more than 5% from $256.45 to approximately $269. Currently, ZEC is changing hands at $269.66 with a market valuation of $4.48 billion, per CoinMarketCap data.
ZEC rallied above $320 on a mix of short squeeze liquidations and the improved sentiment of the crypto market following a two-week Iran ceasefire.
The Zcash price has displayed an exceptional rise of nearly 23% in the past 24 hours, reaching $322.50 with a nearly 200% increase in volume. The token is pushing higher, but this isn't the breakout that traders were hoping for. After weeks of consolidation, the price has surged into a critical resistance zone near $330.
Zcash surged 28.13% to $323.53 as altcoin action skewed positive. LayerZero, Rain, Sui, and Ethena also advanced.