Zcash has surged more than 2,300% this year to become crypto's ninth-largest coin, driven by Grayscale's spot ETF that is betting against a looming European ban, according to startupfortune.com.
Cvj.ai reports that a mysterious whale opened massive short positions on Bitcoin, Ethereum, and Zcash ahead of the US Senate vote on the CLARITY Act on September 15.
newsable.asianetnews.com reports that Zcash (ZEC) surged to a nine-year high near $1,155 on Saturday, outperforming Bitcoin which declined almost 3% over the same week.
cvj.ai reports that Bitcoin hovered near $79,000 on September 9 after a sharp drop, while Grayscale’s spot Zcash ETF injected fresh optimism into crypto markets.
bitcoinethereumnews.com reported that Zcash traded near $1,130 after a rally pushed the privacy coin into the top ten, prompting F2Pool co-founder Chun Wang to criticize the move as a narrative bid.