#ZcashTrend Zcash (ZEC) rose by 19.82% in the last 24 hours, surpassing both the cryptocurrency market (+2.2%) and its privacy rival, Monero (-2.8%). Key factors:

Phreeli privacy partnership: the role of Zooko Wilcox, founder of Zcash, in a new encrypted phone service boosted sentiment.

Short compression dynamics: over $10 million in short position liquidations as ZEC surpassed the $400 resistance.

Macroeconomic hedging demand: privacy coins surged ahead of the Fed's rate decision (a 0.25% cut is expected).