Zcash Holds 4% Gain as Crypto Market Tumbles
Zcash (ZEC) registered gains of more than 4% over the last 24 hours, standing out as major assets including Bitcoin and Ethereum slid to new intraday lows. The rally came amid a broader market bloodbath that saw heavy outflows and heightened volatility across large-cap tokens, yet ZEC and a handful of smaller-cap projects managed short-term recoveries.
Traders and analysts say the uptick may reflect a brief rotation into privacy-focused and mid-cap coins or a technical bounce after oversold conditions, but caution that the wider market remains fragile. Whether ZEC can sustain this strength depends on overall risk appetite and liquidity returning to crypto markets; for now the move is notable as a sign of selective resilience rather than a clear trend reversal.