Bitcoin nears $87,000, Zcash zooms 10% as U.S. bitcoin reserve bill clears committee
Zcash rose 10% as Grayscale’s spot ETF drew more than $70 million in early inflows and the privacy-coin sector neared $30 billion, 21Shares said.
- Zcash rose 10% on Wednesday to above $1,616, marking the largest gain among major tokens as market capitalization reached close to $25 billion as of Sept. 22.
- The privacy coin sector expanded nearly fivefold over the past year to roughly $30 billion, according to a Sept. 22 research note from 21Shares, as financial institutions test confidential blockchain infrastructure.
- ZecStats reported 4.91 million ZEC, or 29% of issued supply, remained shielded as of Sept. 22, indicating sustained demand for privacy features. Zcash has led gains among dedicated privacy coins.
- Grayscale launched the first Zcash ETF, ZCSH, on NYSE Arca in August, providing institutional spot exposure. The SEC terminated its investigation involving the Zcash Foundation in January 2026.
- Financial institutions including Goldman Sachs and HSBC are testing confidential blockchain infrastructure through the Canton Network. Ethereum researchers continue developing privacy-focused transaction methods for institutional 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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