The broad crypto salon is tiptoeing through a mélange of prices, darling; most players linger in the red. The Federal Reserve has decided to keep rates steady, a dainty little pause that lingers like a chorus boy in the wings, and the mood wobbles accordingly. The personal expenditures price index, the Fed’s own preferred mirror for inflation, rose 0.7% in March, according to Thursday’s report.
Amid this, privacy token Zcash holds its head high, flirting with an 8% rise in the last 24 hours. At the moment of writing, Zcash was up 7.26% in the last 24 hours to $373 and up 3.70% weekly. The latest flutter corresponds with a golden cross wink on Zcash’s short-term charts.
On ZEC’s 1-hour chart, the 50 MA has crossed above the 200 MA, yielding a “golden cross.” Zcash saw two days of significant increases, following an earlier drop at the week’s start. The privacy token rose to a high of $393 on May 1, before returning to where it presently trades.
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A surge in social activity preceded the rise; social analytics platform Lunar Crush reported on April 29 that ZCASH’s share of social activity versus all of crypto has more than doubled as the privacy and quantum narratives continue to dominate conversations.
Zcash is up 60% in the last 30 days according to CoinGecko data and up 899% on a yearly basis.
Zcash triggers new update
Zcash Foundation recently rolled out a security update, Zebra 4.4.0, patching four critical consensus issues and boosting network security.
The new Zebra 4.4.0 release contains fixes for multiple security vulnerabilities, including several consensus-critical issues, with all node operators urged to upgrade as quickly as possible.
Meanwhile, ZEC’s shielded supply continues to make record highs as the privacy use case continues to increase. About 30% of all circulating ZEC now sits behind a shielded balance, the highest ratio in its history.
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2026-05-03 09:57