Short sellers took the bulk of the damage, with zcash alone accounting for $56 million of forced closures.
Zcash rose about 20% in 24 hours as Paradigm co-founder Matt Huang disclosed that the firm invested in ZEC amid a broader crypto market rally.
Zcash hits a record high as a bull flag breakout targets $1,750–$1,865, while the weekly setup points toward $2,700.
ZCash (ZEC) rallied close to $1,400, causing a wave of short liquidations.
Zcash (ZEC) experienced a notable 23% surge within a 24-hour window, reaching approximately $1,369 and outperforming the majority of digital assets. In comparison, Bitcoin recorded a modest increase of under 1% to roughly $76,258, while Solana appreciated nearly 3% during the identical timeframe.
Zcash is preparing to drastically reduce the time between its blocks. During the vote organized around the NU7 upgrade, 99.9% of expressed ZEC supported the shift from 75 to 25 seconds.
Bitcoin traded above $76,000 as the Fed projected limited further tightening, while Paradigm's Matt Huang discussed Zcash's role as a privacy complement to bitcoin.
Zcash surged 23.73% to $1,364.38, leading the gainers, while Stable fell 9.53% to $0.0243, marking the largest decline. Dash and Lighter also posted strong gains.
Zcash's Ironwood transition is gaining momentum, but wallet access and exchange support remain key hurdles.
ZCAT's innovative distribution model highlights potential for memecoins to drive significant value transfer, but sustainability remains uncertain. Zcash surpasses $8M in ZEC distributions to Solana holders through ZCAT memecoin.
Zcash's surge highlights the growing institutional interest and regulatory acceptance of privacy coins, potentially reshaping crypto markets. Zcash surges 12% to $1,300 ahead of Fed rate decision.
Zcash price rallied more than 20% on Sep. 16, breaking above $1,300 as network upgrade optimism helped ZEC resist a broader crypto market sell-off. Zcash price action today According to data from crypto.