Zcash Leads Crypto Bounce, Surging 8.5% as Bitcoin Reclaims $83,000
Summary
Crypto markets rebounded, with total market capitalization rising 1.68% to $2.78 trillion. Zcash led major assets, gaining 8.5% to $1,215.85, while Bitcoin rose 1.57% and Ethereum 2.90%. The recovery followed a tech-stock bounce and $526.7 million in crypto ETF inflows, the largest in a month. Zcash’s jump may reflect a rebound after a steep monthly decline, upcoming developer decisions on its NU7 upgrade, and broader strength in privacy coins. Risks remain from high Treasury yields and elevated oil prices, which could keep inflation and interest-rate pressures high. Traders are watching the Federal Reserve’s upcoming meeting for policy signals.
