💲💸💹NEWS ABOUT ZCASH🤑🤑🤑🤑
Zcash recovers to pre-crash highs following crypto market meltdown
ZEC recovered all its value lost during Friday's market meltdown and also hit a recent high of $291 before dipping to the $270 level.
#MarketPullback #BTC #BNBBreaksATH #BTC
The price of Zcash
ZEC
$267.87
, a supply-capped, shielded, layer-1 coin dedicated to user privacy, fully recovered following Friday’s market crash, forming a new recent high of about $291 on Saturday before retracing to about $273 at the time of this writing.
Zcash plummeted by 45% on Friday, falling from a high of about $273 to $150, following a social media post from United States President Donald Trump announcing 100% tariffs on China, which sent the crypto markets into a meltdown.
ZEC is only down about 5.5% from its recent high, making it a standout in this market crash. Many cryptos are still down by double digits from their recent highs, including Ether
ETH
$3,828
, which is down by about 22% from its recent and all-time high of $4,957
Before the market downturn, ZEC went on a meteoric price rally, rising from $74 on October 1 to $291 on Saturday — a price increase of nearly 4x in less than two weeks.
The crypto market experienced one of the most severe liquidation events in its history on Friday after Trump’s tariff announcement, which caused $20 billion in liquidations within hours of his social media post, leaving many traders disillusioned with the markets.
