Zcash Soars Amid Market Slump as Privacy Focus Grows

The cryptocurrency market saw a sharp downturn this week, leading to significant value reductions for major digital assets. Bitcoin briefly dipped below $100,000, further intensifying anxieties among traders already observing price declines. However, Zcash (ZEC) experienced a notable surge during this period of widespread market weakness. As per CoinMarketCap data, the token saw over 19% growth in the last 24 hours, currently trading at $526. This movement is reflected by a staggering $1.68 billion in trading volume, indicating increased trading activity amidst overall downward pressure for most other assets.