FOMC Pressure Can't Dampen Arbitrum and Zcash Price Gains
The crypto market is facing renewed pressure ahead of the FED's FOMC decision after the US Senate failed to advance the CLARITY Act in a 49-50 procedural vote. Bitcoin price briefly dropped below $75,000 while Ethereum dropped toward $2,358 amid the regulatory setback.
Yet Arbitrum (ARB) and Zcash (ZEC) prices show notable resilience against the broader market weakness. The key question is whether these coin-specific catalysts can continue to support ARB & ZEC while the broader crypto market remains under pressure.
Arbitrum holds firm as institutional adoption narrative gains momentum, climbing by more than 12% to $0.15. Standard Chartered initiating coverage of ARB points to Arbitrum's growing role in institutional blockchain infrastructure, and the launch of Robinhood Chain, which is built using Arbitrum technology, has strengthened the narrative around real-world asset tokenization and institutional adoption.
Zcash holds up as privacy narrative gains momentum, showing resilience as the broader crypto market weakens ahead of the FOMC decision. The latest boosts came from the NU7 upgrade vote, which Zcash holders approved with nearly 2.4 million ZEC participating, introducing 25-second block times while maintaining the existing halving schedule.