Zcash News Today: Zcash's Rise in Privacy Poses a Challenge to Bitcoin's Reign of Transparency

Over the last month, Zcash (ZEC) has soared by more than 150%, bucking the downward trend seen across the wider cryptocurrency market. This dramatic climb has prompted some analysts to worry that Zcash’s momentum could threaten Bitcoin’s (BTC) established support zones. The privacy-oriented digital asset has caught the eye of institutional investors following

, a treasury management company supported by Gemini’s founders Tyler and Cameron Winklevoss, of , increasing its total Zcash holdings to 233,644 coins, now worth $150 million. This acquisition, together with Zcash’s impressive price rally—up 1,500% since the start of the year—has made it a potential game-changer in the crypto industry.

The company’s most recent buy, at an average cost of $602.63 per ZEC, follows an earlier $50 million investment in the same asset.

of all Zcash in circulation and aims to raise its share to 5%. This aggressive buying has reduced the available supply of ZEC, fueling its rapid price increase. , after briefly topping $700 several times this month. to heightened institutional interest in privacy coins, which use technologies such as zero-knowledge proofs to conceal transaction information.

"Bitcoin has always operated with full transparency; the introduction of ETFs hasn’t changed that, but rather added more intermediaries," commented Will Owens, a research analyst at Galaxy Digital. as a "return to ideals," setting it apart from Bitcoin’s growing mainstream adoption and regulatory oversight. This perspective has gained momentum as other privacy coins like Monero and have also .

Technical analysts are increasingly optimistic, noting that if Zcash can surpass the $690 resistance, it could rally another 40%. The coin is currently forming an inverse head-and-shoulders pattern on the four-hour chart, with a potential target of $956 if buying pressure continues above the neckline.

for privacy coins, has recently voiced support for Zcash, suggesting it could eventually reach $1,000 and trade at 20% of Bitcoin’s price in future cycles.

Underlying factors are also driving Zcash’s ascent, including its planned halving event in November 2025.

is expected to create scarcity, a condition that has historically led to price appreciation in major cryptocurrencies. At the same time, Cypherpunk’s ongoing accumulation has tightened market liquidity, further boosting ZEC’s price. a 120% unrealized profit based on its average entry price of $291 per coin.

Despite the rally, questions remain about Zcash’s long-term prospects as a

alternative. While its privacy capabilities appeal to crypto enthusiasts, ZEC’s value is still far below Bitcoin’s all-time peak of $3,191. hinges on its ability to hold crucial support levels and maintain institutional interest. "Balancing regulatory compliance with privacy is a distinctive advantage," said crypto commentator Ran Neuner, though he emphasized that the market must ultimately validate this narrative.

Bitcoin, which reached a record high above $126,000 in early October, has since dropped to a seven-month low of $88,637,

. This divergence underscores a shift in investor preference toward privacy-oriented assets, especially as on-chain monitoring and ETF-driven institutionalization of Bitcoin intensify.

As Zcash nears the crucial $690 mark, traders are watching closely for indications of either a breakout or a reversal. For now, the token’s dramatic rise—bolstered by institutional support and positive technical signals—suggests it may continue to challenge Bitcoin’s dominance in the privacy sector, even as the broader crypto market remains unpredictable.