Zcash jumps 23% to about $1,369 as major cryptocurrencies rise

  • Zcash rose 23% to about $1,369 over 24 hours.
  • Bitcoin traded near $76,258 while Solana gained about 3% to nearly $100.
  • Matt Huang said Paradigm holds ZEC and views Zcash as complementing Bitcoin's privacy features.

Zcash (ZEC), a privacy-focused cryptocurrency, rose 23% in 24 hours to about $1,369, while Bitcoin traded near $76,258 and Solana gained about 3% to just below $100. The move came as major digital assets advanced despite the Federal Reserve's first interest-rate increase since 2023. Paradigm co-founder Matt Huang said Zcash can complement Bitcoin's privacy capabilities and disclosed that Paradigm holds ZEC.

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