Bitcoin nears $87,000, Zcash zooms 10% as U.S. bitcoin reserve bill clears committee
Bitcoin held near $86,900 as the House committee vote advanced a reserve bill and Zcash gained 10% on fresh ETF inflows.
- On Wednesday, Zcash rose 10% to above $1,616, marking the largest gain among major tokens as market momentum builds.
- The privacy coin sector expanded nearly fivefold over the past year to roughly $30 billion, according to 21Shares research, with Zcash accounting for the majority of these gains.
- ZecStats reported that 4.91 million ZEC, or 29% of issued supply, was shielded as of September 22, accompanying the asset's recent price advance.
- Grayscale's Zcash ETF began trading on NYSE Arca on August 25, attracting more than $70 million in cumulative inflows during its first two weeks.
- More than 30 firms participate in workflows on the Canton Network, as research indicates confidentiality is becoming an increasingly important requirement for institutional blockchain use.
22 Articles
22 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 holds above $1,600 as shielded activity and fund inflows surge
Key takeaways Zcash remains above $1,600 after gaining 10% during the previous session. Weekly shielded transactions reached 62,379, their highest level since 2022. The newer Ironwood pool accounted for 55,549 of the shielded transactions recorded last week. A confirmed breakout above $1,700 could put the $2,000 psychological level in focus, while $1,595 is the nearest […]
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
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