Crypto
Zcash Breaks Above $800 as Institutional Interest and Derivatives Fuel Rally
Zcash (ZEC) has surged above $800 for the first time in years, breaking past a major historical price level. The token saw extreme volatility during the move, trading between roughly $589 and $851 within 24 hours.
The rally pushed ZEC above its January 2018 peak near $800, a level that had remained one of its most important long-term resistance areas.
A combination of renewed institutional interest, growing derivatives activity, and the ongoing discussion around Zcash's similarities to Bitcoin appears to be driving the latest momentum.