Bitcoin nears $87,000, Zcash zooms 10% as U.S. bitcoin reserve bill clears committee
Zcash gained after Grayscale launched the first spot ETF and a U.S. committee advanced a bill that could create a Strategic Bitcoin Reserve.
- On Wednesday, Zcash rose 10% to just above $1,616, marking the largest gain among major tokens as the privacy coin extended its recent rally.
- The privacy coin sector has expanded nearly fivefold to roughly $30 billion over the past year, according to a Sept. 22 research note from 21Shares, well above its October 2025 peak.
- ZecStats reported 4.91 million ZEC, or 29% of issued supply, was shielded as of Sept. 22, following the network's activation of Ironwood through the NU6.3 upgrade.
- Grayscale's Zcash ETF has attracted more than $70 million in cumulative inflows since launching on NYSE Arca in August, providing institutional price exposure without private key management.
- New European Union anti-money laundering regulations will prohibit service providers from maintaining anonymous accounts starting July 10, 2027, though regulatory treatment for privacy assets varies by jurisdiction.
21 Articles
21 Articles
Bitcoin nears $87,000, Zcash zooms 10% as U.S. bitcoin reserve bill clears committee
Falling oil eased inflation worries through the Asian session, while a bill to make the government's bitcoin stockpile permanent moved further through Congress than any before it.
Zcash leads crypto majors with a 10% gain as bitcoin holds near $87,000
Zcash leads crypto majors with a 10% gain as bitcoin holds near $87,000 Falling oil eased inflation worries through the Asian session, while a bill to make the government's bitcoin stockpile permanent moved further through Congress than any before it. Zcash rose 10% to more than $1,616, leading…
Bitcoin (BTC) is back in the spotlight after breaking through the... The article Bitcoin Breaks Through US$87,000, How High Can BTC Go? first appeared on DIALEKTIKA
The privacy coins multiplied their capitalization by almost five in a year, driven mainly by Zcash, while banks, blockchain networks and regulated markets explore new ways to hide sensitive data without sacrificing verification. *** The capitalization of the sector went from USD $6.2 billion to about USD$30 billion, according to a 21Shares investigation. Zcash came to represent approximately USD $25 billion and 29% of its issued offer remained i…
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