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Zcash Surges 8.5%
Zcash, a privacy coin, surged 8.5% to $1,215.85 in 24 hours, lifting its market capitalization to $20.57 billion. Bitcoin gained 1.57% to $83,195, and Ethereum climbed 2.90% to $2,463.35. The broader crypto market rebounded, with total crypto market capitalization rising 1.68% to $2.78 trillion. This was followed by a rebound in tech, with the Nasdaq Composite gaining about 1.1%. Bitcoin and other crypto exchange-traded funds recorded net inflows of $526.7 million, marking the biggest inflow in a month. The main pressure point was Treasury yields, which remained above 5% due to high oil prices and potential Federal Reserve rate hikes.