## 🛡️ Zcash (ZEC): Rising Privacy and Institutional Tension

Date: December 5, 2025

Zcash (ZEC) stands out today with a strong increase (around +11.6% in 24h), challenging the general market correction trend. This rise is framed within the growing narrative of privacy and notable institutional interest.

Updated Key Points:

1. Privacy Engine: ZEC uses Zero-Knowledge Proofs (zk-SNARKs), enabling completely private and verifiable transactions. The volume of its "shielded" supply is at historical highs, reflecting a growing demand for anonymity on-chain.

2. Institutional Momentum: The recent filing of a Zcash ETF application by Grayscale (the first proposed privacy coin ETF) has boosted confidence. Additionally, companies like Reliance Global Group and Cypherpunk Technologies have significantly increased their ZEC reserves in their treasury strategies, injecting capital and corporate interest.

3. Technical Analysis: Despite today's rise, ZEC has experienced a recent correction of 20% after reaching highs in November, which could indicate profit-taking before consolidating. The key short-term support level remains in the $320-$340 USD range.

Expert Approach: ZEC's resilience on a bearish day indicates that the narrative of privacy and institutional backing weighs more than the pressures of the general market, although the regulatory risks associated with privacy coins remain the main challenge.