Zcash rose 8.5% in 24 hours to $1,215.85, leading a rebound among major cryptocurrencies, according to the source. Total crypto market capitalization climbed 1.68% to $2.78 trillion, while Bitcoin gained 1.57% to $83,195 and Ethereum rose 2.90% to $2,463.35. Despite the jump, Zcash was up only 1.17% over seven days and had fallen about 25% over the past month.
The source said Treasury yields above 5% and Brent crude near $110 a barrel remained threats to the rebound. It also identified a pending decision by Zcash developers on the NU7 network upgrade as a potential catalyst, not a completed change. The Fear & Greed Index stood at a neutral 51.
