
The broader crypto market is in freefall, with more than $1 trillion wiped out in just hours. Bitcoin plunged to $88,000 as forced liquidations, AI-driven stock volatility, and a tightening liquidity environment added heavy pressure.
Ethereum, XRP and most altcoins followed the same path, dropping to levels not seen in months. Analysts stress that the sell-off has little to do with crypto fundamentals and everything to do with macro fears and government shutdown concerns.
While almost every major coin is bleeding, Zcash is moving in the opposite direction, rising more than 13 percent today. This unexpected surge comes from strong institutional activity, bullish technical signals and renewed interest in advanced privacy technology that makes ZEC stand out in a shaky market.
Cypherpunk Technologies, backed by Winklevoss Capital, purchased nearly 30,000 ZEC, worth around $18 million, at $603 each. This adds to its already large reserve and tightens the available circulating supply. With about 30 percent of all ZEC locked in shielded pools, liquidity is shrinking, meaning even moderate new demand can trigger outsized price moves.
Zcash recently broke out of an inverse head-and-shoulders formation, a pattern experts often view as a major bullish reversal. The breakout has created momentum that could push ZEC toward the higher price levels, including the possibility of a move toward $1,000 if the trend holds.
Zcash’s surge is also tied to growing interest in cryptography that could withstand future quantum threats. As talk intensifies around quantum computing’s potential to break traditional blockchain security models, ZEC’s privacy-first and advanced cryptographic design is gaining new credibility among investors.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The cryptocurrency market plunged sharply today, with total market capitalization falling below $3 trillion. Bitcoin…
Ripple is making significant strides in the global payments landscape, with its XRP token showing…
The crypto market fell sharply today, wiping billions from major assets within hours. Bitcoin dropped…
The Bitwise XRP ETF officially launched on the New York Stock Exchange this morning, trading…
PUMP.fun price is drawing renewed attention as the platform aims to make history by achieving…
Tether has invested in Parfin, a Latin American platform offering custody, trading, and on-chain settlement…