The chief research officer of Grayscale Research, Zach Pandl, connected the recent bond repurchases by the US Treasury to increased pressure exerted by the level of government debt. The US Treasury will conduct more open market purchases of long-term notes and bonds prior to their retirement. According to Pandl, the
As of August 27, Zcash (ZEC) is showing a potential head-and-shoulders formation, with the price currently shaping the right shoulder around the $820-$830 area. Moreover, the neckline sits near $750, making that level critical for the token’s short-term direction. On the other hand, ZEC is trading around the $792.25 level,
THORChain has launched version 3.20 of its decentralized exchange protocol, adding native support for Monero (XMR) and Zcash (ZEC) swaps. The upgrade allows users to exchange the two privacy-focused assets directly with cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and stablecoins. Previously, users looking to move XMR or ZEC into other
As of July 30, Zcash (ZEC) is found under pressure. The broader market continues to dictate its direction under the bears. Also, several attempts have been made to attract the potent bulls. The negative price alignment confirms that sellers dominate the charts. Only when the buyers enter the ZEC market
Zcash (ZEC) has put up a 12.24% rise in value and is currently trading within the $570 mark. It has been riding a clean ascending channel, respecting every higher low along the way. Notably, it’s a sign that buyers are consistently stepping in at higher prices, which is what a
Zcash (ZEC) is attempting to escape the bearish barrier, displaying a bullish trait on the chart. Over the last 24 hours, the asset has registered a 4.82% gain in value. In the morning hours, it traded at $444.72, and with the bullish shift in the ZEC market, the price has
Zcash (ZEC) is currently trading at around the $230 range, followed by a 3.72% gain in value over the last 24 hours. It opened the day trading at a low range of $221.29, and with the bullish turn, the asset’s price has jumped to a high of $234.40. ZEC has
The trigger behind the Zcash (ZEC) rally might be the $25M funding that happened a few days back, which boosts confidence in development. It also signals strong investor confidence in the growing worldwide adoption. After certain corrections from its previous highs, the asset is currently trading on the upside, with
The crypto market does not seem to display a recovery. Bearish pressure is gaining traction, and the broader sentiment is hanging in the extreme fear zone. Currently, both the red and green charts are alive, but the green is likely short-lived. Bitcoin (BTC), the dominant asset, is trading at $66.3K,
After a brief recovery attempt, the crypto market opened the day with mixed sentiment, showing both red and green charts across tokens. The broader market sentiment is still fearful, as the Fear and Greed Index value is at 37. Bitcoin (BTC), the largest asset, is hovering at $89K, attempting to
