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Crypto

Zcash Price Surges Nearly 23% to Near $1,400 Amid Institutional Support

Guavy AI Editorial Team
Instruments
BTC ZEC
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Zcash has seen a significant price surge, jumping nearly 23% in 24 hours to reach an intraday high near $1,389.

This increase follows confirmation from Paradigm co-founder Matt Huang that his firm holds ZEC, highlighting the privacy-focused cryptocurrency as a complement to Bitcoin.

The combination of institutional backing and network improvements has fueled ZEC's rapid price recovery, which is now testing the $1,400 level.

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