News about ZEC

Crypto markets rebounded on Tuesday, led by Zcash, which rose 8.5% in 24 hours to $1,215.85 and lifted its market cap to $20.57 billion. Bitcoin gained 1.57% to $83,195 and Ethereum climbed 2.90% to $2,463.35, while total crypto market cap rose 1.68% to $2.78 trillion. Zcash had fallen about 25% over the past month, so the bounce partly reflects an oversold market where forced liquidations of leveraged bets had already worked through selling pressure. Macro risks remain high, with Brent crude near $110 a barrel and the 10-year Treasury yield above 5%, and traders are watching the Federal Reserve's upcoming policy meeting.

Bitcoin climbed back above $82,000 on Friday after briefly dropping under $80,000 the day before, as ZEC led a broad crypto rebound with an 11% jump to about $1,230. The rally did not extend to ETFs: the U.S. spot ZEC fund lost about $15 million on Thursday, its fifth outflow this month, while ether funds shed about $60 million and SOL funds lost nearly $10 million, their ninth straight day of withdrawals. SOL and ether each gained more than 3%, to about $106 and $2,450, while bitcoin ETFs drew a net $5 million, a thin inflow after Wednesday's $261 million exit. The article says a second straight day of bitcoin ETF inflows would be the first sign that the bounce from $80,000 has buyers behind it.