Bitcoin Falls Asleep, But Privacy Coins Zcash and Monero Are Waking Up
Summary
The crypto market was nearly flat, with Bitcoin at about $86,264 and Ethereum near $2,714. Privacy coins outperformed: Zcash rose 3% and Monero 2.14%. Both remain below September highs and appear to be consolidating rather than breaking out. Zcash is about 19% below its $1,698 peak, despite roughly 2,500% gains over the past year; its recent rally followed a Grayscale ETF launch and a vote to retain halvings. Monero is about 11% below its $632.86 high. The article attributes broad market stagnation to mixed signals from a September Fed rate hike and weaker-than-expected jobs data, which reduced expectations of another hike. Bitcoin remains below $87,354 resistance; key levels cited are $1,403.89 for Zcash and $558.69 for Monero.
