Crypto Market Sees Sharp Decline; Zcash Gains Value
The crypto market dropped sharply this week, wiping out value from major assets. Bitcoin (BTC) briefly fell below $100,000, raising concerns among traders. In contrast, Zcash (ZEC) showed significant gains during this sell-off.
According to CoinMarketCap, ZEC surged over 19% in 24 hours and now trades at $526. Its 24-hour trading volume reached $1.68 billion, indicating increased activity amid falling prices in other cryptocurrencies.
Zcash’s price rally renewed interest in privacy-focused cryptocurrencies. Unlike Bitcoin’s transparent transactions, Zcash uses zk-SNARKs technology. This feature allows users to hide sender, receiver, and transaction amount if they choose. It mainly appeals to those valuing transaction privacy on public blockchains.
Technical Indicators Support ZEC’s Uptrend
Data from TradingView shows Zcash rising sharply since early October. It climbed from $30–$60 to above $500. This rally attracts attention as most major cryptocurrencies struggle to stay stable.
The 50-day exponential moving average (EMA) shows an upward trend. ZEC’s price remains well above the 50-day EMA, signaling consistent buying strength.
The Awesome Oscillator (AO) also turned positive at 155.58. Increasing green bars indicate growing momentum and genuine market support rather than short-term hype.
The 50-day EMA tracks average prices with more weight on recent data. Staying above this line typically means buyers control the market. The AO compares recent and past prices. Green bars rising suggest buyers are gaining power.
Rising Popularity of Zcash Boosts Price
Social sentiment has supported ZEC’s rise. Notable figures like billionaire Naval Ravikant and BitMEX co-founder Arthur Hayes mentioned Zcash recently. Naval tweeted on October 1, 2025: “Bitcoin is insurance against fiat. ZCash is insurance against Bitcoin.”
Naval’s tweet circulated widely in crypto communities.
Arthur Hayes added to the buzz on October 31, saying, “Let me jinx this… $ZEC to $400 and beyond!” Since then, ZEC surged 36%, even as the wider crypto market declined.
These comments drew more attention, especially from retail traders following market trends closely.
Why Zcash’s Rally Is Notable
Zcash’s price increase is unusual because it happened during a broad market decline. The surge reflects renewed interest in privacy features in cryptocurrencies. As the crypto space debates transaction transparency, Zcash’s technology stands out.
However, the continuation of this rally is uncertain if overall market weakness persists. Investors are watching how the trend evolves in the coming days.
