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Zcash reaches nearly 10-year high as market cap briefly ranks 10th

  • Zcash reached a price high not seen in nearly 10 years.
  • Zcash’s market capitalization briefly entered the top 10.
  • Grayscale’s spot ETF recorded capital inflows alongside the move.

Zcash reached its highest level in nearly 10 years, while its market capitalization briefly entered the top 10. The move coincided with capital inflows into Grayscale’s spot ETF, an exchange-traded fund holding the underlying asset rather than derivatives.

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