Zcash Hits New Record High, Outpacing Bitcoin Amid Crypto Rally After Fed’s First Rate Hike In 3 Years
The cryptocurrency rally followed the Federal Reserve’s 25-basis-point rate hike to 3.75%-4%, its first rate increase since July 2023. The broader crypto market recovered above $2.7 trillion after falling below that level ahead of the Federal Reserve’s rate decision. ZEC has gained roughly 160% this year, sharply outpacing Bitcoin. Zcash’s move also comes against a … Read more