In accordance with CoinEdition, Zcash (ZEC) experienced a significant price surge, with the ZEC/BTC pair breaking out of a prolonged consolidation phase. The spot price rose over 40% in 24 hours, reaching $683.41, while the market capitalization climbed 40.57% to $11.14 billion. Arthur Hayes highlighted the strength of the chart, noting a decisive shift in market structure and urging ZEC holders to use shielded, self-custodial storage to preserve privacy. The rally has drawn renewed attention to Zcash’s growing adoption and activity.
Zcash Price Surges Over 40% as ZEC/BTC Pair Breaks Out of Consolidation
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