Bitcoin nears $87,000, Zcash zooms 10% as U.S. bitcoin reserve bill clears committee
Bitcoin neared $87,000 as Zcash gained 10% after a House committee advanced a reserve bill and the SEC eased tokenization rules.
- On Wednesday, Zcash rose 10% to just above $1,616, marking the largest gain among major tokens as the asset continued recent upward momentum from near $1,473.
- The privacy coin sector expanded nearly fivefold over the past year to roughly $30 billion, with CoinGecko valuing the full privacy category at more than $60 billion as ZEC led gains.
- Grayscale's Zcash ETF began trading on NYSE Arca in Aug, offering the first spot exposure product. Developers activated Ironwood through the NU6 upgrade to address prior vulnerabilities.
- The European Union's new anti-money laundering regulation takes effect July 10, 2027, prohibiting crypto-asset service providers from maintaining accounts allowing increased transaction obfuscation through anonymity-enhancing coins.
- Bitcoin held near $86,900 amid broader market movement. Japan's central bank raised rates last week, maintaining a policy path that keeps global liquidity flowing into risk assets like ZEC.
26 Articles
26 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 Shielded Transactions Hit Four-Year High as Network Settles $23 Billion in a Week
Over the past year, Zcash has been the best performing cryptocurrency among the top ten largest assets by market cap. At the time of writing, ZEC trades around $1,500, up roughly 193% year to date and more than 2,470% since this time last year. Just a little over a month ago, ZEC was trading around...
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 […]
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
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
