Zcash rose 23% in 24 hours to about $1,369 as major cryptocurrencies and global risk assets recovered after the Federal Reserve’s first interest-rate increase since 2023. Bitcoin edged up less than 1% to around $76,258, Solana gained nearly 3% to just below $100, and BNB and HYPE rose more than 2%. Ether, XRP and dogecoin advanced between 1% and 2%. Zcash’s move coincided with comments from Matt Huang, co-founder of crypto investment firm Paradigm, who described the privacy-focused cryptocurrency as a private complement to Bitcoin and disclosed that Paradigm owns ZEC. Zcash allows users to transfer funds without publicly disclosing the sender, recipient or amount. Its holders recently approved proposals for faster payments while retaining scheduled reductions in new-coin creation, a mechanism also used by Bitcoin. Huang backed continued developer funding but said governance should combine holder votes with other methods for deciding network changes. The wider rebound followed the Fed’s quarter-point rate increase, which brought its benchmark range to 3.75% to 4%. The central bank’s median projection put the policy rate at 4.1% at the end of both 2026 and 2027, implying one additional quarter-point increase this year. ViaBTC chief analyst Jeff Ko said the move was largely priced in and that markets appeared reassured the Fed was not signaling an aggressive tightening cycle. S&P 500 futures rose 0.6%, Nasdaq 100 futures gained 0.7%, Asian equities added 0.3%, and the two-year Treasury yield fell two basis points to 4.71% after reaching its highest level since 2024 in the prior session.