Zcash rose approximately 16% over 24 hours as Bitcoin and Ethereum remained under pressure following the CLARITY Act’s failed Senate procedural vote and the Federal Reserve’s 25-basis-point rate increase to 3.75%–4%. The privacy token’s reported trading volume also increased 14%, indicating stronger participation, while its year-to-date gain reached approximately 163%, placing it among the strongest-performing large cryptocurrencies and lifting it above Hyperliquid’s HYPE token by market capitalization after HYPE fell almost 6.5% over seven days. Demand for shielded transactions (privacy-enabled transfers that conceal transaction details) may be supporting ZEC, with such activity representing 47% of Zcash network activity as of last week, according to ZecHub. The project has completed its migration to the Ironwood vault, holders overwhelmingly supported proposals for the NU7 upgrade, and Zcash Labs committed $80,000 to integrate the latest Ironwood pool into Ledger devices for self-custody. Technical analysis points to a potential move toward $1,750 after ZEC broke above $1,300, while a longer-term projection near $2,500 is based on an ascending-triangle breakout. Those are technical scenarios, not guaranteed outcomes, and weakening social-media activity remains a warning signal. Zcash’s ability to stay resilient as markets absorb tighter monetary policy will be central to the bullish case.