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.
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