Zcash Surges 42% Amid Market Decline
Zcash (ZEC) surged 42% to $712.31 in the last 24 hours. This rise contrasts with Bitcoin and Ethereum, which declined 6% and 8%, respectively. ZEC’s 24-hour trading volume exceeded $3 billion, according to CoinMarketCap. The global crypto market cap stayed virtually flat at $3.27 trillion, with total volume down 7.31% to $213.66 billion. Zcash stands out as a strong performer in an otherwise bearish environment.
Technical Factors Driving Zcash Rally
Since late October, Zcash’s price jumped from below $100 to nearly $700. A 4-hour TradingView chart shows a bullish trend between $450 and $500, acting as strong support. The MACD indicator has crossed above its signal line, signaling upward momentum. Green histogram bars confirm growing strength. The Relative Strength Index (RSI) is near 73, indicating the asset may be overbought. While a short-term pullback is possible, the overall trend remains positive.
Trading activity is high, with $8.92 billion in futures and $1.44 billion in spot volume. Zcash’s market cap reaches $11.58 billion, with 16.31 million ZEC circulating. Binance leads the trading, handling $40.54 million and seeing net inflows of ZEC. Coinbase traded $18.37 million with net inflows, while Kraken saw $8.83 million in volume but net outflows. Binance remains the top exchange for Zcash liquidity.
Investor Confidence and Market Momentum
Zcash’s price rally accelerated in November 2025, gaining more than 1,000% since early September. The surge follows increased interest in privacy coins amid concerns over transparent ledgers. The U.S. Department of Justice’s recent seizure of $15 billion in Bitcoin highlighted privacy risks. This boosted demand for Zcash, which offers shielded transactions using zk-SNARK technology, with over 30% of its supply now privately held.
High-profile investors support Zcash gains. BitMEX co-founder Arthur Hayes predicted $10,000 targets and increased holdings via his Maelstrom fund. AngelList founder Naval Ravikant called Zcash a privacy hedge. Grayscale’s ZEC Trust attracted $150 million in institutional inflows. Cypherpunk Technologies bought 203,775 ZEC worth $50 million, now showing an unrealized gain of $54 million.
The November Zcash halving reduced block rewards by 50%, while cross-chain integrations improve adoption. These factors highlight growing demand for privacy features as surveillance and regulatory risks rise.
