Zcash Gains 20% as Paradigm Reveals ZEC Investment

Cryptocurrencies rallied after the Federal Reserve's expected quarter-point rate hike, with Bitcoin reaching a 24-hour high of $77,079. The Fed raised GDP growth and inflation projections for 2026. Bitcoin and Ethereum saw gains, with Bitcoin trading at $76,692.28 and Ethereum at $2,467.20. Aggregate crypto market cap increased by 1.4% to $2.61 trillion.

Zcash (ZEC) surged 23% in 24 hours, reaching $1,354.75, driven by Federal Reserve rate decisions and governance vote results. The cryptocurrency's market cap topped $23 billion. Analysts highlight $1,300 as a key support level, with bullish and bearish scenarios outlined. Short sellers faced significant losses as derivatives volume doubled.

Zcash (ZEC) surged 16% in 24 hours, outperforming a weaker crypto market. The rally followed the failed CLARITY Act vote and Fed rate hike. ZEC's trading volume rose 14%, and shielded transactions accounted for 47% of network activity. The token's price target is $1,750, supported by bullish technical patterns and privacy tech adoption.

Garrett Jin, former CEO of BitForex, moved 35,001 ETH from Binance to Hyperliquid in September 2026 to expand a $51M short position on Zcash (ZEC). The position is currently underwater by over $25M, with a liquidation threshold at around $2,631. Jin's trading activity has drawn attention due to its scale and on-chain visibility.

Bitcoin rose 0.88% to $76,621, while Zcash surged 23% after Paradigm disclosed a stake. The Fed raised rates by 25 basis points, projecting only one more hike. Risk assets rallied, with crypto gains led by small-cap coins.

Zcash Open Development Lab (ZODL) raised $25M in seed funding from investors including Paradigm, a16z, and Coinbase Ventures. Paradigm's Matt Huang advocated for a stable funding mechanism for Zcash, citing long-term development needs. ZEC price surged 11% in 24 hours, reaching $1,335, with a 164% increase over 30 days.