Arthur Hayes tells Zcash holders to withdraw from CEXs and ‘shield’ assets

💡 DMK Insight

Hayes’ push for self-custody in Zcash is a big deal right now, especially with privacy coins gaining traction amid market volatility. As traders, we need to pay attention to how this renewed interest in privacy coins could affect overall market sentiment. Zcash, in particular, has seen sharp price swings, which suggests that traders are reacting to both regulatory concerns and the potential for increased adoption. If you’re holding Zcash or similar assets, consider monitoring key support and resistance levels closely. The mixed performances in the privacy coin sector indicate that while some may thrive, others could falter, so it’s crucial to differentiate between them. On the flip side, while privacy coins are gaining attention, they also face scrutiny from regulators, which could lead to sudden price corrections. Keep an eye on any news regarding regulatory actions that could impact these assets. Watch for Zcash to hold above its recent lows to maintain bullish momentum, and be prepared for volatility as the market reacts to these developments.