Crypto Market Surges as Bitcoin Hits New Highs and Zcash Soars

The cryptocurrency market has shown a sharp revival in recent days, with Bitcoin rising to $78,302 and Ethereum increasing by 7.4% in a day.

Zcash reached a new all-time high of around $850, while XRP rose by 21.4% in a day and 55.8% for the week.

Standard Chartered has raised its target for Bitcoin to $126,000, citing growing interest in digital assets and increasing demand from investors.

The US dollar remains the base unit for assessing dynamics, but the crypto market is now outperforming some AI stocks, with Bitcoin up 31.60% over the last 50 days and Ethereum adding 53.50%