Zcash Soars After SEC Drops Probe and Traders Rush In

Zcash surged 17% in a day to reach $672, capping a massive monthly rally driven by heavy short liquidations and renewed interest in privacy-focused crypto assets. The rally gained momentum after the U.S. Securities and Exchange Commission ended its three-year investigation into the Zcash Foundation without taking action, removing a major regulatory overhang. Supporters say Zcash’s privacy and security features make it attractive in a world of growing surveillance concerns, while critics warn the sharp rise may be fueled by hype and low market liquidity.