Zcash Soars After SEC Drops Probe and Traders Rush In

The post Zcash Soars After SEC Drops Probe and Traders Rush In appeared first on Coinpedia Fintech News

Zcash surged 17% in a day to reach $672, capping a massive monthly rally driven by heavy short liquidations and renewed interest in privacy-focused crypto assets. The rally gained momentum after the U.S. Securities and Exchange Commission ended its three-year investigation into the Zcash Foundation without taking action, removing a major regulatory overhang. Supporters say Zcash’s privacy and security features make it attractive in a world of growing surveillance concerns, while critics warn the sharp rise may be fueled by hype and low market liquidity.