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Bitcoin News Update: Privacy-Focused Zcash Soars by 400% While Bitcoin Faces Broader Economic Challenges

Bitcoin News Update: Privacy-Focused Zcash Soars by 400% While Bitcoin Faces Broader Economic Challenges

Bitget-RWA2025/11/01 10:58
By:Bitget-RWA

- Zcash (ZEC) surged 400% in 30 days, hitting a seven-year high amid Bitcoin's $108,000 struggle due to macroeconomic pressures and geopolitical tensions. - Institutional interest and 4.5M ZEC locked in shielded pools drove ZEC's rally, reflecting growing demand for privacy-centric assets like the Grayscale Zcash Fund's $85M inflows. - Bitcoin faces headwinds from Fed rate cuts, U.S.-China trade dynamics, and Trump-era nuclear rhetoric, with technical indicators signaling oversold conditions below $110,000

Zcash (ZEC) has climbed to its highest level in seven years, bucking the trend in a volatile crypto market where

(BTC) is struggling to maintain a position above $110,000. The privacy-oriented coin has soared by more than 400% over the past month, fueled by a resurgence of institutional interest and 4.5 million now secured in shielded pools, as reported by . This surge stands in stark contrast to Bitcoin’s recent price swings, which saw it fall below $109,000 on October 29 amid global tensions and conflicting macroeconomic signals, according to .

The rise in ZEC points to a growing preference for privacy-focused digital assets, with the Grayscale

Fund drawing in $85 million, based on . In contrast, Bitcoin is facing challenges as traders contend with the aftereffects of the U.S.-China trade agreement and recent Federal Reserve rate cuts. The Fed’s 25 basis point decrease to a range of 3.75%-4% did not a lasting rally, with slipping back to $108,000 and failing to surpass key resistance points. Experts caution that unless BTC can maintain levels above $113,500, further declines may be on the horizon, according to .

Bitcoin News Update: Privacy-Focused Zcash Soars by 400% While Bitcoin Faces Broader Economic Challenges image 0

The contrasting trends in the market reveal a deeper split in the crypto narrative. Zcash’s impressive performance underscores the growing demand for privacy and institutional involvement, while Bitcoin’s difficulties highlight ongoing economic uncertainty. On-chain data for Zcash paints a striking picture: 27.5% of its total coins are now shielded, tightening available supply and pushing prices higher, as per The CoinRise report. This is in sharp contrast to Bitcoin, which remains vulnerable to international developments, such as Trump’s nuclear threats and trade talks, which have overshadowed the Federal Reserve’s more accommodative policies, as previously mentioned in a Yahoo Finance article.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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