Arthur Hayes says Zcash has become his family office’s second-largest holding after Bitcoin

💡 DMK Insight

Zcash’s recent surge of over 400% is a clear signal that privacy coins are back in favor, but traders need to tread carefully. The spike above $700 indicates strong bullish sentiment, yet the pullback to $548 suggests volatility is still a major factor. This rally aligns with broader market trends favoring privacy-focused assets, likely driven by increasing regulatory scrutiny on data privacy and user anonymity. Traders should be aware that while ZEC’s momentum could attract more retail interest, it also raises the risk of profit-taking, especially if it fails to hold above key support levels. Watch for the $500 mark as a critical level; a drop below could trigger further selling pressure. On the flip side, if ZEC can reclaim and hold above $600, it might signal a continuation of the bullish trend, potentially drawing in institutional players looking to capitalize on the privacy narrative. Keep an eye on correlated assets like Monero (XMR) and Dash (DASH) for additional market cues, as their movements could influence ZEC’s trajectory in the coming days.